PREFILED    DEC 19 2023

REFERENCE TITLE: appropriation; health innovation trust fund

State of Arizona

Senate

Fifty-sixth Legislature

Second Regular Session

2024

SB 1019

Introduced by

Senators Shope: Marsh; Representatives Cook, Pawlik, Terech

An Act

appropriating monies to the Arizona health innovation trust fund.

(TEXT OF BILL BEGINS ON NEXT PAGE)

Be it enacted by the Legislature of the State of Arizona:

Section 1. Appropriation; Arizona health innovation trust fund; intent

A. The sum of $5,000,000 is appropriated from the state general fund in fiscal year 2024-2025 to the Arizona health innovation trust fund established by section 41-177, Arizona Revised Statutes.

B. The legislature intends that the Arizona health innovation trust fund, consisting of monies appropriated by the legislature, earnings from the fund and gifts or grants donated or given to the fund as prescribed by section 41-177, subsection B, Arizona Revised Statutes, steadily grow to ultimately maintain a permanent endowment balance of at least $200,000,000.