§ 26B-1-316 — Hospital Provider Assessment Expendable Revenue Fund.

(1) There is created an expendable special revenue fund known as the "Hospital Provider Assessment Expendable Revenue Fund."
(2) The fund shall consist of:
(2)(a) the assessments collected by the department under Chapter 3, Part 7, Hospital Provider Assessment;
(2)(b) any interest and penalties levied with the administration of Chapter 3, Part 7, Hospital Provider Assessment; and
(2)(c) any other funds received as donations for the fund and appropriations from other sources.
(3) Money in the fund shall be used:
(3)(a) to support capitated rates consistent with Subsection 26B-3-705(1)(d) for accountable care organizations as defined in Section 26B-3-701;
(3)(b) to implement the quality strategies described in Subsection 26B-3-707(2), except that the amount under this Subsection (3)(b) may not exceed $211,300 in each fiscal year; and
(3)(c) to reimburse money collected by the division from a hospital, as defined in Section 26B-3-701, through a mistake made under Chapter 3, Part 7, Hospital Provider Assessment.

Legislative History

Amended by Chapter 284, 2024 General Session