§ 25.5-4-433 — Rural hospital cash fund - creation - definition

(1) The rural
hospital cash fund is created in the state treasury and is referred to in this section
as the fund. The fund consists of money credited to the fund and any other money
that the general assembly may appropriate or transfer to the fund.

(2) The state treasurer shall credit all interest and income derived from the
deposit and investment of money in the fund to the fund.

(3) Money in the fund is continuously appropriated to the department of
health care policy and financing for the purpose of distributing money in equal
amounts to rural hospitals.

(4) On July 1, 2024, the state treasurer shall transfer one million seven
hundred forty-two thousand twenty-nine dollars from the general fund to the fund.

(5) As used in this section, rural hospital means a hospital licensed or
certified pursuant to section 25-1.5-103 (1)(a) or an affiliate owned or controlled, as
defined in section 25.5-4-402.8 (1)(c), by a hospital, and that is located in a county
with a population of fewer than fifty thousand residents or in a municipality with a
population of fewer than twenty-five thousand residents if the municipality is not
contiguous to a municipality with a population of twenty-five thousand or more
residents.

Legislative History

Source: L. 2024: Entire section added, (SB 24-221), ch. 457, p. 3159, � 3, effective June 6.