Washington Code 43.71.060 – Health benefit exchange account
Current as of: 2023 | Check for updates
|
Other versions
(1) The health benefit exchange account is created in the state treasury. Moneys in the account may be spent only after appropriation. Expenditures from the account may only be used to fund the operation of the exchange and identification, collection, and distribution of premium taxes collected under RCW 48.14.0201(5)(b) and 48.14.020(2).
Terms Used In Washington Code 43.71.060
- 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
- Exchange: means the Washington health benefit exchange established in RCW 43. See Washington Code 43.71.010
(2) The following funds must be deposited in the account:
(a) Premium taxes collected under RCW 48.14.0201(5)(b) and 48.14.020(2);
(b) Assessments authorized under RCW 43.71.080; and
(c) Amounts transferred by the pool administrator as specified in the state omnibus appropriations act pursuant to RCW 48.41.090.
(3) All receipts from federal grants received may be deposited into the account. Expenditures from the account may be used only for purposes consistent with the grants.