Section 805-I. Restricted account.
There is established a restricted account in the General Fund for the receipt and deposit of assessment proceeds. Funds in the account are appropriated to the department and shall be used to maintain actuarially sound rates for the Medicaid managed care organizations and to fund other medical assistance expenditures. Funds in the account may be used to fund expenditures for managed care health coverage provided through State administered programs for persons of low income or CHIP, to the extent permissible under Federal and State law or regulation and without creating a guarantee to hold harmless, as those terms are used in 42 CFR 433.68(f) (relating to permissible health-care related taxes).
(805-I added Dec. 28, 2015, P.L.500, No.92)