This text of Louisiana § 40:1248.7 (Local provider participation fund; authorized uses) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
§1248.7. Local provider participation fund; authorized uses
A. Each parish that collects a local hospital assessment payment authorized by this
Subpart shall create a local provider participation fund. All income received by a parish
pursuant to the provisions of this Subpart, including the revenue from local hospital
assessment payments remaining after discounts and fees for assessing and collecting the
payments are deducted, shall be deposited in the local provider participation fund of the
parish. Monies in the fund may be withdrawn only in accordance with and for purposes
specified in the provisions of this Section.
B. The local provider participation fund of a parish shall consist of the following
monies:
(1)All revenue received by the parish attributable to local hospital assessment
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§1248.7. Local provider participation fund; authorized uses
A. Each parish that collects a local hospital assessment payment authorized by this
Subpart shall create a local provider participation fund. All income received by a parish
pursuant to the provisions of this Subpart, including the revenue from local hospital
assessment payments remaining after discounts and fees for assessing and collecting the
payments are deducted, shall be deposited in the local provider participation fund of the
parish. Monies in the fund may be withdrawn only in accordance with and for purposes
specified in the provisions of this Section.
B. The local provider participation fund of a parish shall consist of the following
monies:
(1) All revenue received by the parish attributable to local hospital assessment
payments authorized by this Subpart, including any penalties and interest attributable to
delinquent payments.
(2) Monies received from the department as a refund of an intergovernmental
transfer from the parish to the state for the purpose of providing the nonfederal share of
Medicaid base rate payments, provided that the intergovernmental transfer does not receive
a federal matching payment.
(3) Sums which the parish elects to deposit.
(4) The earnings of the fund.
C. Monies in the local provider participation fund may be used only for one or more
of the following purposes:
(1) To fund intergovernmental transfers from a parish to the state to provide the
nonfederal share of a program of Medicaid payments for the benefit of hospitals in the parish.
(2) To pay the administrative expenses of a parish associated exclusively with
activities authorized by this Subpart in an amount not to exceed the amount specified in R.S.
40:1248.8.
(3) To refund a portion of a local hospital assessment payment collected in error
from a paying hospital.
(4) To refund to paying hospitals the proportionate share of money received by a
parish from the department that is not used to fund the nonfederal share of Medicaid payment
program payments described in Paragraph (1) of this Subsection.
D. Money in the local provider participation fund shall not be commingled with other
parish funds.