2005 Vermont Code - § 1986. — Catamount fund

§ 1986. Catamount fund

(a) The Catamount fund is established in the treasury as a special fund to be a source of financing for the Catamount Health assistance program.

(b) Into the fund shall be deposited:

(1) revenue from the employer health care premium contribution pursuant to chapter 25 of Title 21;

(2) 17.5 percent of the revenue from the cigarette tax levied pursuant to chapter 205 of Title 32;

(3) premium amounts paid by individuals unless paid directly to the insurer; and

(4) the proceeds from grants, donations, contributions, taxes, and any other sources of revenue as may be provided by statute, rule, or act of the general assembly.

(c) The fund shall be administered pursuant to subchapter 5 of chapter 7 of Title 32, except that interest earned on the fund and any remaining balance shall be retained in the fund.

(d) All monies received by or generated to the fund shall be used only as allowed by appropriation of the general assembly for the administration and delivery of the Catamount Health assistance program under this subchapter, employer-sponsored insurance premium assistance under section 1974 of this title, immunizations under section 1130 of Title 18, the nongroup health insurance market assistance under section 4062d of Title 8, and for transfers to the state health care resources fund established in section 1901d of this title as approved by the general assembly.

(e) The agency shall submit annual reports on the receipts, expenditures, and balances in the Catamount Fund established in section 1986 of this title to the joint fiscal committee at its September meeting. (Added 2005, No. 191 (Adj. Sess.), § 16.)