Section 167:94 Long-Term Care Assistance Fund. - New Hampshire Statutes

   I. There is hereby established in the office of the state treasurer a fund to be known as the long-term care assistance fund. The sum of $1,000,000 is hereby appropriated to the long-term care assistance fund and such sum may be encumbered or expended during fiscal year 1999. The governor is authorized to draw a warrant for said sum out of any money in the treasury not otherwise appropriated.
   II. For fiscal year 1999, payments from the proportionate share funds and any surplus carried forward from previous years shall be expended in accordance with the following priorities:
      (a) All appropriations under 1995, 310:63 and 1997, 350:1, 05, 350:11 and 351:5 to accounts within the department of health and human services.
      (b) Reimbursement from unappropriated proportionate share funds to the general fund for the $1,000,000 expenditure.
      (c) Up to an additional $3,000,000 shall be deposited in and is hereby appropriated to the long-term care assistance fund.
   III. The state treasurer shall invest and reinvest the assets of the fund in accordance with law, and the principal assets and accumulated income in the fund shall be nonlapsing and shall be continuously appropriated to the department of health and human services. The department shall not commit or expend any funds from the long-term care assistance fund, except as may be contained in an annual spending plan, without consultation with the oversight committee on health and human services and approval by the legislative fiscal committee.

Source. 1998, 388:11, eff. Nov. 25, 1998.