205.6407 Hospital Medicaid assessment fund.

211 words·~1 min read·/ky/chapter-205/205-6407

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)There is hereby established in the State Treasury the hospital Medicaid assessment

fund for the purpose of holding assessments collected under KRS 205.6406 and

funds transferred pursuant to KRS 205.6408.

(2)All assessments collected shall be deposited into the fund and transferred to the

department on a quarterly basis to be distributed only for the purpose of

administering the provisions of KRS 205.6406.

(3)Any fund amounts remaining in the fund after the cessation of the collection of the

assessment under KRS 205.6406 shall be refunded to qualifying hospitals on a pro

rata basis based upon the assessments paid by each qualifying hospital for the

program year that ended immediately before the cessation of the collection of the

assessment.

(4)Notwithstanding KRS 45.229, fund amounts not expended at the close of a fiscal

year shall not lapse but shall be carried forward into the next fiscal year and shall be

used to reduce the assessments in the subsequent program year.

(5)Any interest earnings of the fund shall become a part of the fund and shall not lapse.

(6)Moneys deposited into the fund are hereby appropriated for the purposes set forth in

this section and shall not be appropriated or transferred by the General Assembly

for any other purpose.