The bill SB1019 proposes to appropriate $5 million from the state General Fund to the Arizona Health Innovation Trust Fund for the fiscal year 2024-2025. This fund is designed to support health innovation and healthcare delivery sectors through various programs, including entrepreneurial education and workforce development. The bill emphasizes the intention of the legislature for the fund to grow into a permanent endowment of at least $200 million, which would be achieved through appropriated funds, earnings, and donations.

In comparison to current law, the new bill language specifies the amount being appropriated and the fiscal year, while also reinforcing the goal of reaching a $200 million endowment balance. The bill clarifies that the fund will consist of appropriated monies, earnings, and gifts or grants, aligning with existing statutes regarding the fund's management and growth.