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§ 19-5-1141. Health Care Independence Program Trust Fund.

AR Code § 19-5-1141 (2018) (N/A)
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(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the "Health Care Independence Program Trust Fund".

(b) (1) The Health Care Independence Program Trust Fund may consist of moneys saved and accrued under the Health Care Independence Act of 2013, § 20-77-2401 et seq., including without limitation:

(A) Increases in premium tax collections;

(B) Reductions in uncompensated care; and

(C) Other spending reductions resulting from the Health Care Independence Act of 2013, § 20-77-2401 et seq.

(2) The Health Care Independence Program Trust Fund shall also consist of other revenues and funds authorized by law.

(c) The Health Care Independence Program Trust Fund may be used by the Department of Human Services to pay for future obligations under the Health Care Independence Program created by the Health Care Independence Act of 2013, § 20-77-2401 et seq.

(d)

(1) The Health Care Independence Program Trust Fund expires on January 1, 2017.

(2) Any balance in the Health Care Independence Program Trust Fund on January 1, 2017, shall be transferred by the Chief Fiscal Officer of the State on his or her books and the books of the Treasurer of State and the Auditor of State to the Arkansas Works Program Trust Fund.

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