2009 California Insurance Code - Section 12739.70-12739.76 :: Part 6.7. Federal Temporary High Risk Health Insurance Fund

12739.70.  The definitions in Section 12739.50 shall apply to this
part.

12739.71.  There is hereby created in the State Treasury a special
fund known as the Federal Temporary High Risk Health Insurance Fund
that is, notwithstanding Section 13340 of the Government Code,
continuously appropriated to the board for the purposes specified in
Part 6.6 (commencing with Section 12739.5).

12739.72.  The board shall authorize the expenditure of money in the
fund to cover program expenses, including program expenses that
exceed subscriber contributions.

12739.73.  From amounts transferred to the fund, the board may
expend sufficient funds to carry out the purposes of Part 6.6
(commencing with Section 12739.5). The state shall not be liable
beyond the assets of the fund for any obligations incurred, or
liabilities sustained, in the operation of the program.

12739.74.  Any moneys remaining in the fund at the end of any fiscal
year may be carried forward to the next succeeding fiscal year.

12739.75.  The board shall establish a reserve that is sufficient to
prudently operate the program, unless the federal Department of
Health and Human Services establishes other procedures to maintain a
prudent reserve.

12739.755.  The sum of seven hundred sixty-one million dollars
($761,000,000) is hereby appropriated without regard to fiscal years
from the Federal Trust Fund to the board, from funds received from
the federal government under Section 1101 of the federal Patient
Protection and Affordable Care Act (Public Law 111-148), for transfer
to the fund for the purposes specified in Section 12739.71.

12739.76.  This part shall remain in effect only until January 1,
2020, and as of that date is repealed, unless a later enacted
statute, that is enacted before January 1, 2020, deletes or extends
that date.