The proposed bill establishes the "hyperbaric oxygen therapy fund" within the state treasury, which will be administered by the Department of Health and Human Services. The fund will receive deposits from various sources, and the state treasurer is responsible for managing these funds, including directing investments and crediting any earnings back to the fund. The bill outlines that the funds will be used specifically for providing grants under a designated grant program and for the establishment and operation of a hyperbaric oxygen therapy pilot program.

Additionally, the bill stipulates that once the pilot program concludes, the hyperbaric oxygen therapy fund will be closed, and any remaining funds will revert to the general fund. The enactment of this bill is contingent upon the passage of House Bill No. 5456 from the 103rd Legislature.