This bill proposes to update current statutes by appropriating a total of $500,000 from the state general fund for fiscal year 2025-2026. Specifically, it allocates $250,000 to the Arizona Health Innovation Trust Fund, as established by section 41-177 of the Arizona Revised Statutes, and another $250,000 to the state treasurer for a pilot program related to health innovation. The bill emphasizes the intention for the Trust Fund to grow to a permanent endowment balance of at least $200,000,000, which is a new directive not present in the current law.

Additionally, the bill includes a provision that exempts the appropriations from lapsing, which modifies the existing regulations regarding the handling of appropriated funds. The language inserted into the statutes clarifies the purpose of the appropriations and the intended growth of the Trust Fund, while maintaining the existing structure and requirements outlined in the current law.