The bill establishes a one-time aid program for licensed ambulance services in Minnesota, aimed at providing financial support to these services for operational and capital expenses. It defines key terms related to ambulance services, including "capital expense," "operational expenses," and "reported revenue," and outlines the eligibility criteria for aid. To qualify, ambulance service providers must have held a license in 2022, continue operating under that license for aids payable in 2024, and complete an application process by September 16, 2024. The aid amount will be calculated based on reported revenue and various operational metrics, with provisions for proration if total aid requests exceed available funds.

Additionally, the bill mandates that recipients of the aid must utilize the funds within their primary service area in Minnesota and requires them to submit a report detailing the use of the aid by December 31, 2025. The bill appropriates up to $122,500,000 from the general fund for this purpose, with a portion allocated for administrative costs. The effective date for the aid program is set for aids payable in 2024.