§ 23-79-1004 - Arkansas Safety-net Benefit Fund. - Arkansas Statutes

23-79-1004. Arkansas Safety-net Benefit Fund.

(a) (1) There is created the Arkansas Safety-net Benefit Fund.

(2) The fund shall be administered by the Department of Finance and Administration.

(b) (1) The fund shall not be deposited into a general revenue holding account or regulated by the State Insurance Department and shall be used only for the Arkansas Safety-net Benefit Program.

(2) However, if the federal government eliminates or substantially modifies the Health Insurance Flexibility and Accountability demonstration initiative or withdraws approval of the program, moneys remaining in the fund shall not be placed in the State Treasury but shall be expended to provide services to beneficiaries of the program.

(3) Moneys in the fund may carry over from the first fiscal year of any biennium to the second fiscal year of the biennium and from one biennium to the next.