Indiana Code 16-21-10-13.5. Incremental hospital fee fund established; content; administration; uses; distribution of remaining fund during phase out period to hospitals
(b) The office shall administer the fund.
Terms Used In Indiana Code 16-21-10-13.5
- fee: refers to the hospital assessment fee authorized by this chapter. See Indiana Code 16-21-10-2
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- hospital: means either of the following:
Indiana Code 16-21-10-4
- office: refers to the office of Medicaid policy and planning established by Indiana Code 16-21-10-5
- phase out period: refers to the following periods:
Indiana Code 16-21-10-5.3
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(1) Fees collected under section 13.3 of this chapter.
(2) Donations, gifts, and money received from any other source.
(3) Interest accrued under this section.
(d) Money in the fund may be used only for the following:
(1) To fund exclusively the state share of the expenses listed in section 13.3(b)(1)(A) through 13.3(b)(1)(F) of this chapter.
(2) To refund hospitals in the same manner as described in subsection (g) as soon as reasonably possible after the beginning of a phase out period of the healthy Indiana plan.
(e) Money remaining in the fund at the end of a state fiscal year does not revert to the state general fund.
(f) The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public funds may be invested. Interest that accrues from these investments shall be deposited in the fund.
(g) Upon the beginning of a phase out period of the healthy Indiana plan, money collected under section 13.3 of this chapter and any accrued interest remaining in the fund shall be distributed to the hospitals on a pro rata basis based upon the fees authorized by this chapter that were paid by each hospital for the state fiscal year that ended immediately before the beginning of the phase out period.
As added by P.L.213-2015, SEC.149. Amended by P.L.30-2016, SEC.41.