Indiana Code 16-21-10-9. Hospital Medicaid fee fund established; purposes; distribution of excess if fee is terminated
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Sec. 9. (a) This section is effective upon implementation of the fee. The hospital Medicaid fee fund is established for the purpose of holding fees collected under section 6 of this chapter, excluding the part of the fee used for purposes of section 13.3 if this chapter, that are not necessary to match federal funds.
(c) Money in the fund at the end of a state fiscal year attributable to fees collected to fund the programs described in section 8 of this chapter does not revert to the state general fund. However, money remaining in the fund after the cessation of the collection of the fee under section 6(b) of this chapter shall be used for the payments described in sections 8(a) and 11 of this chapter. Any money not required for the payments described in sections 8(a) and 11 of this chapter after the cessation of the collection of the fee under section 6(b) of this chapter shall be distributed to the hospitals on a pro rata basis based upon the fees paid by each hospital for the state fiscal year that ended immediately before the cessation of the collection of the fee under section 6(b) of this chapter.
(b) The office shall administer the fund.
Terms Used In Indiana Code 16-21-10-9
- 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
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(d) 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.
As added by P.L.205-2013, SEC.214. Amended by P.L.213-2015, SEC.144.