Wyoming rural health transformation program.

HB 122 establishes Wyoming's program to manage federal rural health transformation funds, creating a permanent "perpetuity fund" to hold and grow these resources. It requires the state to distribute 4% annually from the fund's value (starting July 2026) to support rural health initiatives, with oversight by a 9-member advisory committee appointed by the governor. The bill directly affects rural health providers and communities by governing how federal funds are allocated, invested, and reported. Key mechanisms include mandatory annual fund distributions, committee approval of major expenditures over $500,000, and governance rules for fiscal accountability. This is a procedural framework for managing existing federal funds, not a new service or benefit.