Mississippi Hospital Recovery Trust Program; create to provide grants to public hospitals at high financial risk.

HB 413 creates the Mississippi Hospital Recovery Trust Program to provide grants to public hospitals in Mississippi facing high financial risk - defined as poor profits, high debt, large uninsured patient volumes, or low cash reserves. The program, administered by the Department of Finance and Administration, requires hospitals to apply with documentation proving financial strain and prioritizes grants for facilities at immediate risk of closing. Grants must be approved and distributed within five business days of application, with funds coming from legislative appropriations or other designated sources. Public hospitals receiving grants must report how they use the funds annually to the Joint Legislative Budget Committee. This bill directly affects Mississippi's public hospitals, aiming to prevent closures and maintain community healthcare access.