H97 - 2015 Appropriations Act, Sec. 12H.28: Medicaid Contingency Reserve (SL 2015-241)

Overview: Sec. 12H.28 of S.L. 2015-241 directs that funds reserved in the Medicaid Contingency Reserve in the 2014 budget must be used only in the event of a Medicaid budget shortfall during the 2015-2016 fiscal year. This section states the General Assembly's intent to appropriate the funds only if the Director of the State Budget has (i) identified a Medicaid budget shortfall after the State Controller has verified that receipts are being used appropriately and (ii) submitted a report to the Fiscal Research Division containing the amount of the shortfall and an analysis.

This section became effective July 1, 2015.