§ 19-5-985 - Arkansas Medicaid Program Trust Fund. - Arkansas Statutes

19-5-985. Arkansas Medicaid Program Trust Fund.

(a) There is hereby established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the Arkansas Medicaid Program Trust Fund.

(b) (1) This fund shall consist of all revenues derived from taxes levied on soft drinks sold or offered for sale in Arkansas as provided in 26-57-901 et seq., there to be used exclusively for the state match of federal funds participation under the Arkansas Medicaid Program; the additional ambulance annual fees as set out in 20-13-212 and those special revenues as specified in 19-6-301(156) and 19-6-301(236), and amounts collected under 26-57-604 and 26-57-605 above the forecasted level for insurance premium taxes set by the Chief Fiscal Officer of the State under 10-3-1404(a).

(2) If the Arkansas Medicaid Program should be discontinued for any reason, the revenues derived from the soft drink tax levied in 26-57-901 et seq. shall be used exclusively to provide services to Arkansas residents comparable to the services now provided under the Arkansas Medicaid Program.