The proposed bill establishes an Ambulance Operating Deficit Grant Program in Minnesota, aimed at providing financial assistance to eligible ambulance service providers facing revenue shortfalls that lead to operating deficits. The bill defines key terms related to the program, including "operating deficit," "capital expenses," and "insurance revenue," and outlines the criteria for eligibility. Specifically, it excludes certain licensees, such as those providing specialized life support services and those with a single license in areas with high response density, from receiving grants. The program will be funded through an ambulance operating deficit account created within the state treasury, which will manage appropriations and earnings.

Eligible applicants can apply for grants to cover operational and capital expenses, with the director responsible for awarding grants based on verifiable evidence of operating deficits. The bill mandates that grants cannot exceed the amount of the grantee's most recent verified operating deficit and requires annual reporting to legislative committees on the grants awarded and their usage. This initiative aims to support the sustainability of ambulance services in Minnesota, ensuring they can continue to operate effectively despite financial challenges.