The bill H.F. No. 337, proposed in Minnesota, aims to establish the Ambulance Operating Deficit Grant Program to help ambulance services that are financially struggling. The program defines terms relevant to the operation and finances of ambulance services, including definitions for operational and capital expenses, insurance revenue, and how the operating deficit is calculated. An account for the program will be set up in the state's special revenue fund.

Ambulance services eligible for this grant must show they had an operating deficit in the previous fiscal year. However, the bill also sets specific exclusions, such as services that provide specialized life support or those operating in certain large urban areas, unless certain criteria are met. Successful applicants can only receive grants up to a stipulated maximum amount, and these funds must be used solely for operational and capital expenses related to ambulance services.

The bill mandates an annual reporting requirement to legislative committees overseeing health finance and policy, detailing grants awarded and their usage. This ensures transparency and allows for oversight of the program's effectiveness in assisting ambulance services in need.