If enacted, this bill would update current statutes by appropriating a total of $500,000 from the state general fund for fiscal year 2025-2026. Specifically, it would allocate $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. This funding aims to support the growth and effectiveness of the Trust Fund and its associated programs.

Additionally, the bill expresses the legislature's intent for the Trust Fund to grow to a permanent endowment balance of at least $200,000,000. It also includes a provision that exempts the appropriations from lapsing, ensuring that the allocated funds remain available for their intended purposes without being subject to the usual lapsing rules outlined in section 35-190 of the Arizona Revised Statutes.