208.465. Balance of reimbursement to be remitted to department of social services payable to department of revenue--federal reimbursement allowance fund created, exempt from lapse provisions--investme - Missouri Statutes

Balance of reimbursement to be remitted to department of socialservices payable to department of revenue--federal reimbursementallowance fund created, exempt from lapse provisions--investmentearnings credited to fund.

208.465. 1. The federal reimbursement allowance owed or,if an offset has been requested, the balance, if any, after suchoffset, shall be remitted by the hospital to the department ofsocial services. The remittance shall be made payable to thedirector of the department of revenue. The amount remitted shallbe deposited in the state treasury to the credit of the "FederalReimbursement Allowance Fund", which is hereby created for thepurpose of providing payments to hospitals. All investmentearnings of the fund shall be credited to the fund.

2. An offset as authorized by section 208.459 or a paymentto the federal reimbursement allowance fund shall be accepted aspayment of the obligation of section 208.453.

3. The state treasurer shall maintain records that show theamount of money in the fund at any time and the amount of anyinvestment earnings on that amount.

4. The unexpended balance in the federal reimbursementallowance fund at the end of the biennium is exempt from theprovisions of section 33.080, RSMo. The unexpended balance shallnot revert to the general revenue fund, but shall accumulate fromyear to year.

(L. 1992 H.B. 1744 § 208.435)

Expires 9-30-11 or upon reaching the contingency contained in § 208.478, whichever first occurs.