ARIZONA HOUSE OF REPRESENTATIVES

Fifty-seventh Legislature

First Regular Session

House: ST W/D | APPROP DPA 14-1-2-1

☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☐ Fiscal Note

HB 2184: appropriations; health innovation trust fund

Sponsor: Representative Bliss, LD 1

Caucus & COW

Overview

Appropriates $2,000,000 from the General Fund (GF) to the Arizona Health Innovation Trust Fund (Trust Fund) in FY 2026; additionally, $500,000 is appropriated for a health innovation pilot program.

History

Laws 2022, Chapter 314 established the Trust Fund to be administered by the State Treasurer, who acts as trustee. The Trust Fund is a permanent endowment fund that consists of legislative appropriations, fund earnings, gifts and grants donated or given to the Trust Fund. The State Treasurer must separately hold in trust any deposited Trust Fund monies in the state Treasury. Trust Fund monies cannot be commingled with other monies, except for investment purposes; monies earned from interest and investment income are credited to the Trust Fund. Monies in the Trust Fund are continuously appropriated and are exempt from lapsing (A.R.S. §§ 35-310; 35-313; 35-314.03).

The State Treasurer must annually allocate 4% of Trust Fund monies to an entity that is a 501(c)(3) charitable organization that supports health innovation and healthcare workforce development in Arizona, including entrepreneurial education, mentoring, workforce programs and commercialization support for small businesses in the sector. The recipient entity must have an endowment agreement with the State Treasurer and submit an annual report detailing fund usage and its social and economic impact to state officials (A.R.S. § 41-177).

Provisions

1.   Appropriates $2,000,000 from the GF to the Arizona health innovation trust fund in FY 2026. (Sec. 1)

2.   Appropriates $500,000 from the GF to the State Treasurer, to allocate to the entity that currently has an endowment agreement for the Trust Fund monies, to conduct a pilot program in FY 2026. (Sec. 1)

3.   Declares that the legislature intends that the Trust Fund steadily grow to ultimately maintain a permanent endowment balance of at least $200,000,000. (Sec. 1)

4.   Exempts the appropriations from lapsing. (Sec. 1)

Amendment

Committee on Appropriations

1.   Lowers the appropriated sum to $250,000.

2.    

3.    

4.   ---------- DOCUMENT FOOTER ---------

5.                     HB 2184

6.   Initials NM          Page 0 Caucus & COW

7.    

8.   ---------- DOCUMENT FOOTER ---------