The bill H.323 establishes the Mental Health Innovation Special Fund, managed by the Department of Mental Health and funded through revenues from the Department of Taxes and other sources. This fund aims to support various mental health initiatives, including a mental health screening program in schools, a behavioral health innovation grant program, and a mental health and substance misuse literacy curriculum. The bill specifies that any unexpended revenues at the end of the fiscal year will carry over to the next year, ensuring continued funding for these initiatives.

Additionally, the bill mandates the development of a mental health screening program in schools to identify students needing intervention and establishes a peer-to-peer mental health support program overseen by certified providers. The Agency of Education will accept grant applications for these programs starting August 1, 2026, prioritizing schools with suicide prevention components or those in high-risk areas. The bill also requires a report by January 1, 2030, evaluating the program's effectiveness, and appropriates $10,000 from the Mental Health Innovation Special Fund for fiscal year 2027. The act is set to take effect on July 1, 2025.