§ 4-12-1-15.5 — Medicaid contingency and reserve account

Indiana § 4-12-1-15.5

• Jurisdiction: Indiana
• Art. 12: APPROPRIATIONS MANAGEMENT
• Ch. 1: The Budget Agency

Text

5. (a) The Medicaid contingency and reserve
account is established within the state general fund for the purpose of
providing money for timely payment of Medicaid claims, obligations,
and liabilities. Money in the account must be used to pay Medicaid
claims, obligations, and liabilities. The account shall be administered
by the budget agency.
(b) Expenses of administering the account shall be paid from money
in the account. The account consists of the following:
(1) Appropriations to the account.
(2) Other Medicaid appropriations transferred to the account with
the approval of the governor and the budget agency.
(3) Money transferred to the account from the phase out trust fund
established by IC 12-15-44.5-7 (before its expiration).
(c) The treasurer of state shall invest the money in the account not
currently needed to meet the obligations of the account in the same
manner as other public money may be invested.
(d) Money in the account at the end of a state fiscal year does not
revert.

Legislative History

As added by P.L.340-1995, SEC.38. Amended by P.L.93-2024, SEC.5.