Florida Statutes 394.4786 – Intent
Current as of: 2023 | Check for updates
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Terms Used In Florida Statutes 394.4786
- Department: means the Department of Children and Families. See Florida Statutes 394.455
- 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 a hospital licensed under chapter 395 and part II of chapter 408. See Florida Statutes 394.455
(1) The Legislature intends that all hospitals, excluding hospitals owned and operated by the department or the Department of Corrections, be assessed on a continuing basis an amount equal to 1.5 percent of the hospital‘s annual net operating revenues and that the assessments be deposited into the Public Medical Assistance Trust Fund.
(2) Further, the Legislature intends that a specialty psychiatric hospital that provides health care to specified indigent patients be eligible for reimbursement up to the amount that hospital contributed to the Public Medical Assistance Trust Fund in the previous fiscal year.