Indiana § 4-12-8-2 Establishment and purpose of account; administration

Indiana Statutes

§ 4-12-8-2 — Establishment and purpose of account; administration

Indiana·Art. 12 APPROPRIATIONS MANAGEMENT·Ch. 8 Indiana Prescription Drug Account

(a)The Indiana prescription drug account is established within the Indiana tobacco master settlement agreement fund for the purpose of providing access to needed prescription drugs to ensure the health and welfare of Indiana’s low-income senior citizens. The account consists of:

(1)amounts to be distributed to the account from the Indiana tobacco master settlement agreement fund;

(2)appropriations to the account from other sources;

(3)rebates:

(A)required under 42 U.S.C. 1396r-8(a) for a Medicaid waiver under which a prescription drug program is established or implemented; or

(B)voluntarily negotiated under a prescription drug program that is established or implemented; to provide access to prescription drugs for low income senior citizens; and

(4)grants, gifts, and donations intend

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(a) The Indiana prescription drug account is
established within the Indiana tobacco master settlement agreement
fund for the purpose of providing access to needed prescription drugs
to ensure the health and welfare of Indiana’s low-income senior
citizens. The account consists of:
(1) amounts to be distributed to the account from the Indiana
tobacco master settlement agreement fund;
(2) appropriations to the account from other sources;
(3) rebates:
(A) required under 42 U.S.C. 1396r-8(a) for a Medicaid waiver
under which a prescription drug program is established or
implemented; or
(B) voluntarily negotiated under a prescription drug program
that is established or implemented;
to provide access to prescription drugs for low income senior
citizens; and
(4) grants, gifts, and donations intended for deposit in the
account.
(b) The account shall be administered by the budget agency.
Expenses for administration and benefits under the Indiana prescription
drug program established under IC 12-10-16 shall be paid from the
account. Money in the account at the end of the state fiscal year does
not revert to the state general fund or the Indiana tobacco master
settlement agreement fund but is annually appropriated and remains
available for expenditure for a prescription drug program established
or implemented to provide access to prescription drugs for low income
senior citizens.
(c) Money in the account may be used to match federal funds
available under a Medicaid waiver under which a prescription drug
program is established or implemented to provide access to
prescription drugs for low income senior citizens.

Indiana § 4-12-8-2 (Establishment and purpose of account; administration) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.