1. (a) The Indiana rural health transformation fund is established as a dedicated fund for the purpose of implementing the Indiana rural health transformation program authorized by federal law under Section 71401 of Public Law 119-21 (42 U.S.C. 1397ee), and based on Indiana's federally approved application. The fund shall be administered by the office of the secretary.
2. (b) Money in the fund is continuously appropriated. The fund consists of federal funds received from the federal government under Section 71401 of Public Law 119-21.
3. (c) The expenses of administering the fund shall be paid from money in the fund to the extent allowable by federal law under Section 71401 of Public Law 119-21.
4. (d) The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public funds may be invested. Interest that accrues from these investments shall be deposited in the fund.
5. (e) Money in the fund at the end of a state fiscal year does not revert to the state general fund.
6. (f) The secretary may make recommendations concerning expenditures from the fund to the budget committee, and beginning December 1, 2026, allotments and expenditures from the fund are subject to budget committee review before the allotment and expenditure may occur.
7. (g) This section expires December 31, 2032.

As added by P.L.63-2026, SEC.4.