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

SB 2459 creates a $150 million Mississippi Hospital Recovery Trust Fund to provide grants to public hospitals in Mississippi facing high financial risk - such as nearing closure due to high debt, large uninsured patient populations, or insufficient cash reserves. Eligible hospitals must apply with documentation of their financial risk, and the Department of Finance and Administration must approve applications and distribute grants within five business days. Priority for larger grants is given to hospitals at immediate risk of closing and critical to their communities, with annual reports required to the legislature on grant usage. The program, set to begin July 1, 2026, aims to help these hospitals remain operational and continue serving their communities.