[§302A-1406] Department of education federal revenue maximization program revolving fund; established.

150 words·~1 min read·/hi/302a-1406

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(a)There is established in the state treasury the department of education federal revenue maximization program revolving fund to be administered by the department. Moneys from the revolving fund shall be expended by the department for medicaid-eligible services provided by the department and administrative costs related to the department of education federal revenue maximization program.

(b)The department of education federal revenue maximization program revolving fund shall consist of:

(1)Federal revenue collected by the department for administering and operating the department of education federal revenue maximization program;

(2)Legislative appropriations;

(3)All interest earned on the deposit or investment of moneys in the department of education federal revenue maximization program revolving fund; and

(4)Any other moneys made available to the department of education federal revenue maximization program revolving fund from other sources. [L 2006, c 244, §2]