Indiana § 16-21-10-9 Hospital Medicaid fee fund; purposes; distribution

Indiana Statutes

§ 16-21-10-9 — Hospital Medicaid fee fund; purposes; distribution

Indiana·Title 16 HEALTH·Art. 21 HOSPITALS·Ch. 10 Hospital Assessment Fee

(a)This section is effective upon implementation of the fee. The hospital Medicaid fee fund is established for the purpose of holding fees collected under section 6 of this chapter, excluding the part of the fee used for purposes of section 13.3 of this chapter, that are not necessary to match federal funds.

(b)The office shall administer the fund.

(c)Money in the fund at the end of a state fiscal year attributable to fees collected to fund the programs described in section 8 of this chapter does not revert to the state general fund. However, money remaining in the fund after the cessation of the collection of the fee under section 6(d) of this chapter shall be used for the payments described in sections 8(a) and 11 of this chapter (subject to section 11(d) and 11(e) of this chapter). A

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(a) This section is effective upon
implementation of the fee. The hospital Medicaid fee fund is
established for the purpose of holding fees collected under section 6 of
this chapter, excluding the part of the fee used for purposes of section
13.3 of this chapter, that are not necessary to match federal funds.
(b) The office shall administer the fund.
(c) Money in the fund at the end of a state fiscal year attributable to
fees collected to fund the programs described in section 8 of this
chapter does not revert to the state general fund. However, money
remaining in the fund after the cessation of the collection of the fee
under section 6(d) of this chapter shall be used for the payments
described in sections 8(a) and 11 of this chapter (subject to section
11(d) and 11(e) of this chapter). Any money not required for the
payments described in sections 8(a) and 11 of this chapter (subject to
section 11(d) and 11(e) of this chapter) after the cessation of the
collection of the fee under section 6(d) of this chapter shall be
distributed to the hospitals on a pro rata basis based upon the fees paid
by each hospital for the state fiscal year that ended immediately before
the cessation of the collection of the fee under section 6(d) of this
chapter.
(d) The treasurer of state shall invest the money in the fund not
currently needed to meet the obligations of the fund in the same
manner as other public funds may be invested. Interest that accrues
from these investments shall be deposited in the fund.

Indiana § 16-21-10-9 (Hospital Medicaid fee fund; purposes; distribution) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.