428.305 - Supplemental Account for Medical Assistance to Indigent Persons; transfers to Health Insurance Flexibility and Accountability Holding Account; reversion of balances in Holding Account. - Nevada Statutes

428.305  Supplemental Account for Medical Assistance to Indigent Persons; transfers to Health Insurance Flexibility and Accountability Holding Account; reversion of balances in Holding Account.

      1.  The Supplemental Account for Medical Assistance to Indigent Persons is created in the Fund for Hospital Care for Indigent Persons. The interest earned on the money in the Supplemental Account must be deposited for credit to the Supplemental Account.

      2.  Beginning with the fiscal year that begins on July 1, 2005, at the end of each quarter of a fiscal year, the balance in the Supplemental Account must be transferred to the Health Insurance Flexibility and Accountability Holding Account in the State General Fund in an amount not to exceed the amount of any appropriation provided by the Legislature to fund a program established pursuant to NRS 422.2728.

      3.  Any money remaining in the Health Insurance Flexibility and Accountability Holding Account at the end of each fiscal year reverts to the Fund for Hospital Care to Indigent Persons and to the State General Fund in equal amounts.

      (Added to NRS by 1985, 2032; A 1987, 91, 208; 1989, 1861; 1991, 1769; 2005, 1676)