Creating the rural health transformation fund, prescribing powers and duties of the state finance council concerning such fund and the rural health transformation program, crediting all federal moneys for the rural health transformation program to such fund and making and concerning appropriations for the fiscal years ending June 30, 2026, and June 30, 2027, for the state finance council and other state agencies.

Summary

The bill establishes a Rural Health Transformation Fund in the state treasury, funded by all federal monies for the rural health transformation program. The State Finance Council administers the fund, reviews grant applications, and oversees spending, which must be authorized by legislative appropriation. Unused money must be returned to the U.S. Treasury by 2032, after which the fund is dissolved.

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