45:9-22.17 - "Medicare Assignment Compliance Fund"; report - New Jersey Statutes

45:9-22.17.    "Medicare Assignment Compliance Fund"; report 
  6.  a.  All penalties collected pursuant to P.L.1993, c.250 (C.45:9-22.12 et seq.) shall be deposited in a non-lapsing revolving fund in the State Board of Medical Examiners to be known as the "Medicare Assignment Compliance Fund." The fund shall be dedicated for use by the board to offset any administrative costs incurred by the board in carrying out the purposes of P.L.1993, c.250 (C.45:9-22.12 et seq.).  When the amount in the fund exceeds $500,000, the excess money shall be transferred semiannually to the Casino Revenue Fund. 

b.     Within one year after the effective date of this act and annually thereafter, the board shall report to the Legislature on the amount collected and the use of the fund. 

L.1993,c.250,s.6.