The proposed bill, if enacted, would establish the Student Registered Nurse Anesthetist Clinical Rotation Program within the Arizona State Board of Nursing (AZBN) to enhance preceptor training programs for nurse anesthetist students. It would appropriate $3,000,000 from the state General Fund for fiscal year 2025-2026 to support this initiative. The AZBN would be responsible for developing a grant program to distribute these funds to licensed health care institutions, prioritizing the expansion of clinical rotations in obstetrics, pediatrics, cardiovascular, thoracic, and neurological care. The bill also specifies that grant funds are intended to supplement existing training expenses and outlines conditions for the use of these funds, including limitations on indirect costs and requirements for returning unspent funds.

Additionally, the bill introduces definitions for terms such as "authorized preceptor" and "health care institution," and mandates the AZBN to establish an application process for grant distribution. It emphasizes the importance of geographic and population distribution, the expected number of trained nurse anesthetist students, and the cost-effectiveness of proposals when awarding grants. The appropriation made for the program would be exempt from lapsing provisions, ensuring that the funds remain available for their intended purpose throughout the fiscal year.