99-R - FMAP contingency fund. - New York Statutes

* § 99-r. FMAP contingency fund. 1. There is hereby established in the state treasury an account in the general fund known as the "FMAP contingency fund". 2. The fund shall consist of all monies required by law to be transferred to the fund. 3. Monies in the fund shall be disbursed, when allocated, for the purpose of making payments that had previously been subject to reduction pursuant to law as a result of federal government failure to enact an extension of enhanced Federal Medical Assistance Percentages ("FMAP"). 4. If by February fifteenth, two thousand eleven, enhanced FMAP is not extended or is extended in an amount that is less than the $1,085,000,000 in the fiscal year two thousand ten--two thousand eleven financial plan as determined by the director of the budget, monies in the fund on such date not required to be paid pursuant to the provisions of section two of the chapter of the laws of two thousand ten which added this section may be transferred to the general fund and any amounts deposited in the fund after such date may be transferred to the general fund upon the request of the director of the budget. * NB Repealed April 15, 2011 (except in the case of Medicaid when the repeal date would be July 1, 2011)