2018 New York Laws
STF - State Finance
Article 6 - Funds of the State
92-HH - Health Care Transformation Fund.

§   92-hh.  Health  care  transformation  fund.  1.  There  is  hereby
  established in the joint  custody  of  the  state  comptroller  and  the
  commissioner  of  taxation and finance a fund to be known as the "health
  care transformation fund".
2. Such fund shall consist of moneys paid thereto from (a)  contingent
  reserves  redeployed  pursuant  to section forty-four hundred sixteen of
  the public health law, (b) moneys transferred to such fund  pursuant  to
  law, and (c) contributions, consisting of grants of any money, including
  grants  or  other  financial assistance from any agency of government or
  any other source, to be paid into this fund.
3. Moneys in  the  health  care  transformation  fund  shall  be  kept
  separate  and  shall  not  be  commingled  with  any other moneys in the
  custody of the state comptroller and the commissioner  of  taxation  and
  finance.
4. Notwithstanding any provision of law to the contrary, moneys of the
  health  care  transformation fund shall be available for transfer to any
  other fund of the state as authorized and directed by  the  director  of
  the  budget  to  support  health  care  delivery,  including for capital
  investment, debt retirement or restructuring, housing and  other  social
  determinants of health, or transitional operating support to health care
  providers.
5.  Within  fifteen  days  after executing or modifying an allocation,
  transfer, distribution or other use of the  health  care  transformation
  fund, the commissioner shall provide written notice to the chairs of the
  senate  finance  committee,  the  assembly ways and means committee, the
  senate and assembly insurance committees, and the  senate  and  assembly
  health  committees.  Such notice shall include, but shall not be limited
  to, information on the amount, date,  and  purpose  of  the  allocation,
  transfer,  distribution,  or  other  use,  and  the  methodology used to
  distribute the moneys.
6. The director of the budget shall provide quarterly reports  to  the
  chair of the senate finance committee and the chair of the assembly ways
  and means committee on the receipts and distributions of the health care
  transformation  fund,  including  an  itemization  of  such receipts and
  disbursements,  the  historical  and  projected  expenditures,  and  the
  projected fund balance.