Arizona Health Innovation Trust Fund -  Senate Appropriations 2024
Channel: AZ Bio
Date: 2024-02-01

The Arizona Senate Committee on Appropriations hears testimony on funding for the Arizona Health Innovation Trust Fund that was established in 2022.  

SB1019: appropriation; health innovation trust fund received its first hearing in Arizona’s Senate Health and Human Services Committee on January 16, 2024 and passed with unanimous support. 

The bill received a do pass recommendation from Senate Appropriation with  a vote of 7 ayes, 2 nays and 1 not voting on January 30, 2024. 

As currently written, SB1019 appropriates $5M to the Arizona Health Innovation Trust Fund, and declares that it is the Legislature’s intent that the Fund, consisting of monies appropriated by the Legislature, gifts or grants donated or given to the Fund and earnings from the Fund, steadily grow to ultimately maintain a permanent endowment balance of at least $200 million. 

SB1019 is now is eligible for consideration by the Senate Rules Committee.