HB2010 SFA #1 Romano 3-7
Senator Romano moved to amend the strike and insert amendment on page three, section twenty-seven, after line sixty-seven, inserting a new section designated twenty-eight, to read as follows:
§9-5-28. Creation of capitated Medicaid foster care fund.
(a) There is hereby created in the state Treasury a special revolving fund known as the Capitated Medicaid Foster Care Fund. All moneys deposited or accrued in this fund shall be used exclusively to cover cost incurred by the Department of Health and Human Resources and associated with a capitated Medicaid program for children classified as foster children or children placed in foster care under Title IV-E of the Social Security Act when services that are uncovered or exceed benefits or services covered by the contractual arrangement with the Medicaid managed care organization selected pursuant §9-5-27 of this code.
(b) Moneys from the following sources may be placed into the fund:
(1) All public funds transferred by any public agency to the Department of Health and Human Resources Medicaid program for deposit in the fund as contemplated or permitted by applicable federal Medicaid laws;
(2) All private funds contributed, donated or bequeathed by corporations, individuals or other entities to the fund as contemplated and permitted by applicable federal Medicaid laws;
(3) Interest which accrued on amounts in the fund from sources identified in subdivisions (1) and (2) of this subsection; and
(4) Federal financial participation matching the amounts referred to in subdivisions (1), (2) and (3) of this subsection, in accordance with Section 1902 (a) (2) of the Social Security Act.
(c) Any balance remaining in the Capitated Medicaid Foster Care Fund at the end of any state fiscal year does not revert to the state Treasury but shall remain in this fund and shall be used only in a manner consistent with this section.
(d) Moneys received into the fund shall not be counted or credited as part of the legislative general appropriation to the state Medicaid program.
(e) The fund shall be administered by the Department of Health and Human Resources. Moneys shall be disbursed from the fund on a quarterly basis. The secretary shall implement the provisions of this section prior to the receipt of any transfer, contribution, donation or bequest from any public or private source.