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 § 16-28-12-2

Title 16HEALTH

Art. 28HEALTH FACILITIES

Ch. 12Federally Required Enforcement Process

This text of Indiana § 16-28-12-2 (1396r(h) fund; investment; use of principal and interest) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 16-28-12-2 (2026).

Text

(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.]

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(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.]