2016 Kentucky Revised Statutes CHAPTER 194A - CABINET FOR HEALTH AND FAMILY SERVICES .055 Kentucky Health Care Improvement Fund -- Purpose -- Source of moneys -- Strategic plan for fund distribution -- Annual report and audit.
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194A.055
Kentucky Health Care Improvement Fund -- Purpose -- Source of
moneys -- Strategic plan for fund distribution -- Annual report and audit.
There is established in the State Treasury a fund to be known as the "Kentucky Health
Care Improvement Fund." This fund shall exist for the purpose of receipt and expenditure
of moneys to improve health care and access to health insurance residents of the
Commonwealth. The fund may receive state appropriations, gifts, grants, and federal
funds and shall be disbursed by the State Treasury upon the warrant of the secretary of the
Cabinet for Health and Family Services. Beginning July 1, 2000, twenty-five percent
(25%) of the proceeds from the tobacco settlement agreement fund shall be deposited in
this fund as provided under KRS 248.654. All investment income earned from moneys
deposited in the fund shall accrue to the fund. The moneys in the fund shall not lapse at
the close of any fiscal year but shall be carried forward in the next fiscal year for the
purpose of the fund. The board shall develop and oversee the implementation of a
strategic plan. The strategic plan shall identify both short-term and long-term goals and
the appropriate oversights to measure progress toward achievement of those goals, and it
shall be updated every two (2) years. The board shall submit an annual report to the
Governor and the Legislative Research Commission by September 1 of each year for the
preceding fiscal year, outlining its activities and expenditures. The Auditor of Public
Accounts, on an annual basis, shall conduct a thorough review of all expenditures from
the fund and, if necessary in the opinion of the Auditor, an audit of the operations of the
fund. No money in the fund shall be allocated until the board has adopted a strategic plan.
Effective: June 20, 2005
History: Amended 2005 Ky. Acts ch. 99, sec. 152, effective June 20, 2005. -- Created
2000 Ky. Acts ch. 546, sec. 4, effective April 26, 2000.
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