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 result in operating deficits. The bill defines key terms related to the program, including "operating deficit," "capital expenses," and "eligible applicants." It creates an ambulance operating deficit account within the state treasury to manage the funds allocated for this program. Eligible applicants must demonstrate a verifiable operating deficit and meet specific criteria, including exclusions for certain specialized life support services and single license holders in areas with high response density.

The bill outlines the application process for grants, which must be supported by a resolution from the governing body for government licensees. It stipulates that grants will be awarded based on the evidence of operating deficits and limits the amount of individual grants to the most recent verified operating deficit. Additionally, the director is required to submit an annual report detailing the grants awarded and their usage, starting from February 15, 2026. Overall, the bill aims to enhance the financial stability of ambulance services in Minnesota, ensuring they can continue to operate effectively.