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 and another $250,000 to the State Treasurer for a health innovation pilot program. These appropriations are intended to support the growth of the Trust Fund, which is established under section 41-177 of the Arizona Revised Statutes, and to ensure that it ultimately maintains a permanent endowment balance of at least $200,000,000.

Additionally, the bill includes provisions that exempt the appropriations from lapsing, as outlined in section 35-190 of the Arizona Revised Statutes. This means that the allocated funds would not expire at the end of the fiscal year, allowing for their continued use in supporting health innovation initiatives in Arizona. The bill aims to enhance the financial stability and impact of the Trust Fund while promoting health innovation and workforce development in the state.