* § 97-eeee. Federal-state health reform partnership program account. 1. There is hereby established in the joint custody of the state comptroller and the commissioner of taxation and finance a miscellaneous special revenue account to be known as the "federal-state health reform partnership program account".

Terms Used In N.Y. State Finance Law 97-EEEE*3

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.

2. The account shall consist of those monies received from the federal government for additional medical assistance revenues or savings achieved under the federal-state health reform partnership program or monies earned by the state and received from the federal government to support expenditures under the federal-state health reform partnership program and/or successor program pursuant to section 1115 of the federal social security act.

3. Notwithstanding any provision of law to the contrary, where and to the extent that federal revenues or savings under subdivision two of this section made available to the state under any such New York State section 1115 waiver or amendment thereto, such revenues or savings shall be deposited in the account.

4. All monies shall remain in such account unless otherwise disbursed pursuant to appropriation by the legislature.

* NB There are 3 § 97-eeee's

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