1. (a) Beginning December 1, 2026, the office of the secretary shall before June 1 and December 1 of each year submit a written report for review to the budget committee concerning the following:

   1. (1) An itemization of each of the expenditures of money from the fund since the last report to the budget committee.
   2. (2) The aggregate amount of expenditures of money from the fund since the last report to the budget committee.
   3. (3) Anticipated expenditures for the subsequent six (6) months.
   4. (4) Whether the office of the secretary is meeting the benchmarks set forth in the state federally approved application for the federal funds.
   5. (5) Whether the office of the secretary believes the state is meeting the federally approved application requirements necessary to continue to receive federal funds for operation of the Indiana rural health transformation program.

2. (b) On June 1, 2026, the office of the secretary shall submit a written report to the budget committee concerning the following:

   1. (1) An itemization of each of the expenditures of money from the fund since the last report to the budget committee.
   2. (2) The aggregate amount of expenditures of money from the fund since the last report to the budget committee.
   3. (3) Anticipated expenditures for the subsequent six (6) months.
   4. (4) Whether the office of the secretary is meeting the benchmarks set forth in the state federally approved application for the federal funds.
   5. (5) Whether the office of the secretary believes the state is meeting the federally approved application requirements necessary to continue to receive federal funds for operation of the Indiana rural health transformation program.
3. (c) This section expires December 31, 2033.

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