HB 2727: appropriations; health innovation trust fund is sponsored by Representative Selina Bliss, Chairman of the Arizona House of Representatives Health and Human Services Committee (H-HHS) and co-chair of the Arizona Bioscience and Healthcare Caucus. House Bill 2727 was heard in H-HHS on February 2, 2026. The bill passed out of committee with a Do Pass recommendation on a vote of
Sponsor: Representative Bliss, LD 1
Committee on Health & Human Services
Overview
Appropriates $3,000,000 from the state General Fund (GF) in FY 2027 to the Arizona Health Innovation Trust Fund (Trust Fund).
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
- Appropriates $1,500,000 from the State GF in FY 2027 to the Trust Fund. (Sec. 1)
- Appropriates an additional $1,500,000 from the State GF in FY 2027 to the Trust Fund for the State Treasurer, to allocate to an entity that currently has an endowment agreement for the Trust Fund monies, to conduct a pilot program focused on health innovations for persons living with chronic conditions. (Sec. 1)
- Requires the entity to submit a report to the Governor, President of the Senate, and Speaker of the House of Representatives and State Treasurer and a copy to the Secretary of State relating to the pilot program annually by December 31. (Sec. 1)
- Exempts the $1,500,000 appropriation for the pilot program from lapsing. (Sec. 1)
- Declares that the Legislature intends that monies in the Trust Fund steadily grow to ultimately maintain a permanent endowment balance of at least $200,000,000. (Sec. 1)
- Defines chronic condition. (Sec. 1)