2015 Louisiana Laws
Revised Statutes
TITLE 46 - Public Welfare and Assistance
RS 46:2623 - Louisiana Medical Assistance Trust Fund

§2623. Louisiana Medical Assistance Trust Fund

A. There is hereby established as a special fund in the state treasury the Louisiana Medical Assistance Trust Fund, hereinafter referred to as the "fund", which shall consist of monies generated by the fees on providers of health care services collected under the authority of R.S. 46:2625. The monies in the fund shall be available for appropriation by the legislature to the Medicaid program solely as provided for in Subsection C of this Section. The monies in the fund shall be invested by the state treasurer in the same manner as monies in the state general fund. All interest earned from the investment of monies in the fund shall be deposited in and remain to the credit of the fund. All unexpended and unencumbered monies remaining in the fund at the close of each fiscal year shall remain in the fund.

B.(1) Within the fund there shall be segregated sub-accounts, one for each health care provider group that pays fees pursuant to R.S. 46:2625. Monies collected from each health care provider group shall accrue to the sub-account of that health care provider group.

(2) Monies shall be allocated, with accompanying federal matching money, to each of the health care provider groups in proportion to the amount of fees collected in each sub-account, based upon fees established by the Department of Health and Hospitals pursuant to R.S. 46:2625. Such allocation shall be calculated using collections data from the most recent four quarters for which data is available prior to the state fiscal year for which the allocation will be made.

C.(1) Notwithstanding any other provisions of this Chapter, the legislature shall be authorized to appropriate as state funds to the department for use in any fiscal year, all revenues dedicated and deposited into each segregated sub-account. Such appropriations shall be made for the sole purpose to obtain federal financial participation in the provision of support to health care provider groups listed in R.S. 46:2625. Any appropriation from the segregated sub-accounts for any purpose other than medical assistance payments to health care provider groups listed in R.S. 46:2625 shall be void.

(2) Appropriations from monies generated by health care provider group fees, including federal financial participation on those fees shall be expended as follows: for the fiscal year commencing July 1, 2013, and fiscal years thereafter, all of such appropriations in each sub-account shall be used for the purpose of Medicaid reimbursement payments to the health care provider groups generating those fees listed in R.S. 46:2625.

D. The monies in the fund shall not be used to displace, replace, or supplant appropriations from the state general fund for the Medicaid program below the amount of state general fund appropriations to the agency for the 2012-2013 Fiscal Year.

E. The state treasurer shall report the status of the fund and its sub-accounts at least quarterly to the secretary of the Department of Health and Hospitals and the Joint Legislative Committee on the Budget.

Acts 1992, No. 260, §1, eff. June 10, 1992; Acts 2009, No. 438, §9(A); Acts 2013, No. 409, §1, eff. June 20, 2013.