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2025 Utah Code
Title 31A - Insurance Code
Chapter 38 - Federal Health Care Tax Credit Program Act
Section 104 - Authorization -- Money transferred for reserves.
Universal Citation:
UT Code § 31A-38-104 (2025)
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Effective 7/1/2024
31A-38-104. Authorization -- Money transferred for reserves.
Amended by Chapter 110, 2024 General Session
31A-38-104. Authorization -- Money transferred for reserves.
- (1)The Department of Workforce Services may:
- (a)convert the bridge program to the state program through any of the following, or combination of the following, that the Department of Workforce Services considers best serves the needs of qualified participants:
- (i)a contract with a licensed insurance company authorized to do business in the state;
- (ii)through any other arrangement acceptable under the Trade Reform Act; or
- (iii)a self-insurance program through a third party administrator as provided in Subsection 31A-38-103(3)(b)(ii); and
- (b)obligate up to $2,000,000 of the Workforce Initiatives Fund created in Section 35A-4-506 as reserves for the state program.
- (a)convert the bridge program to the state program through any of the following, or combination of the following, that the Department of Workforce Services considers best serves the needs of qualified participants:
- (2)The money in Subsection (1)(b) may be used until the reserves in the state program become adequate.
Amended by Chapter 110, 2024 General Session
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