This bill proposes to update current statutes by appropriating $10,000,000 from the state general fund for the fiscal year 2025-2026 to the Department of Health Services. The funds are designated for awarding a grant to conduct a certified clinical research study on the use of ibogaine for treating neurological diseases, including traumatic brain injury and post-traumatic stress disorder. The bill specifies that grants can only be awarded to entities that meet certain criteria, including a proven history in neurological research, a neurosurgery program with appropriate facilities and expertise, and the capability to facilitate innovative research in neurological conditions.

Additionally, the bill includes a provision that exempts the appropriation from the lapsing provisions outlined in section 35-190 of the Arizona Revised Statutes. This means that the allocated funds will not expire at the end of the fiscal year, allowing for continued use in the research study beyond the typical appropriation timeline.