This bill proposes an appropriation of $500,000 for grants aimed at renovation and construction-related costs for the Smith Hospital, to be administered by the Department of Finance and Administration - Disbursing Officer for the fiscal year ending June 30, 2026. The funds will be drawn from the cash fund in the State Treasury, as determined by the Chief Fiscal Officer of the State. The bill emphasizes compliance with existing fiscal control laws and regulations during the disbursement of these funds.

Additionally, the bill includes an emergency clause, stating that the effectiveness of the act on July 1, 2025, is crucial for the operation of the agency involved. It highlights the potential harm that could arise from any delay in the act's effective date, thereby necessitating its immediate implementation for the preservation of public peace, health, and safety.