Indiana § 16-28-12-2 1396r(h) fund; investment; use of principal and interest

Indiana Statutes

§ 16-28-12-2 — 1396r(h) fund; investment; use of principal and interest

Indiana·Title 16 HEALTH·Art. 28 HEALTH FACILITIES·Ch. 12 Federally Required Enforcement Process

(a)The 1396r(h) fund is established to receive money collected under this chapter. The state department shall administer the fund.

(b)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.

(c)Money in the fund at the end of a state fiscal year does not revert to the state general fund.

(d)The state department shall use the principal and interest in the fund in accordance with 42 U.S.C. 1396r(h)(2)(A)(ii). [Pre-1993 Recodification Citation: 16-10-4.1-3.]

Free access — add to your briefcase to read the full text and ask questions with AI

(a) The 1396r(h) fund is established to receive
money collected under this chapter. The state department shall
administer the fund.
(b) 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.
(c) Money in the fund at the end of a state fiscal year does not revert
to the state general fund.
(d) The state department shall use the principal and interest in the
fund in accordance with 42 U.S.C. 1396r(h)(2)(A)(ii).
[Pre-1993 Recodification Citation: 16-10-4.1-3.]

Indiana § 16-28-12-2 (1396r(h) fund; investment; use of principal and interest) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.