Delaware Code Title 16 Sec. 1181 – Nursing Facility Quality Assessment Fund — Establishment; …
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(a) There shall be established in the State Treasury and in the accounting system of the State a special fund to be known as the Nursing Facility Quality Assessment Fund (the “Fund”).
Terms Used In Delaware Code Title 16 Sec. 1181
- Month: means a calendar month, unless otherwise expressed. See Delaware Code Title 1 Sec. 302
- Nursing facility: means as defined in § 6501 of Title 30. See Delaware Code Title 16 Sec. 1180
- State: means the State of Delaware; and when applied to different parts of the United States, it includes the District of Columbia and the several territories and possessions of the United States. See Delaware Code Title 1 Sec. 302
(b) All of the following revenue must be deposited into the Fund:
(1) As specified in § 6502(e)(1) of Title 30, 90% of the quality assessment collected.
(2) On the last day of each month, the State Treasurer shall credit the Fund with interest on the average balance in the Fund for the preceding month. The interest to be paid to the Fund must be that proportionate share, during such preceding month, of interest to the State as the Fund’s and the State’s average balance is to the total State’s average balance.