338.535. Remittance to department--pharmacy reimbursement allowance fund created. - Missouri Statutes

Remittance to department--pharmacy reimbursement allowance fundcreated.

338.535. 1. The pharmacy tax owed or, if an offset has been made,the balance after such offset, if any, shall be remitted by the pharmacy orthe pharmacy's designee to the department of social services. Theremittance shall be made payable to the director of the department ofrevenue and shall be deposited in the state treasury to the credit of the"Pharmacy Reimbursement Allowance Fund" which is hereby created to providepayments for services related to the Medicaid pharmacy program. Allinvestment earnings of the fund shall be credited to the fund.

2. An offset authorized by section 338.530 or a payment to thepharmacy reimbursement allowance fund shall be accepted as payment of theobligation set forth in section 338.500.

3. The state treasurer shall maintain records showing the amount ofmoney in the pharmacy reimbursement allowance fund at any time and theamount of investment earnings on such amount.

4. Notwithstanding the provisions of section 33.080, RSMo, to thecontrary, any unexpended balance in the pharmacy reimbursement allowancefund at the end of the biennium shall not revert to the credit of thegeneral revenue fund.

(L. 2002 S.B. 1248, A.L. 2009 H.B. 395 merged with H.B. 740)

Effective 6-26-09 (H.B. 740)

7-10-09 (H.B. 395)

Expires 9-30-11