Hospital Provider Assessment Expendable Revenue Fund.

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Affected by 63I-1-226 on 7/1/2024

Effective 6/29/2020
26-36d-207. Hospital Provider Assessment Expendable Revenue Fund.
  • (1) There is created an expendable special revenue fund known as the "Hospital Provider Assessment Expendable Revenue Fund."
  • (2) The fund shall consist of:
    • (a) the assessments collected by the department under this chapter;
    • (b) any interest and penalties levied with the administration of this chapter; and
    • (c) any other funds received as donations for the fund and appropriations from other sources.
  • (3) Money in the fund shall be used:
    • (a) to support capitated rates consistent with Subsection 26-36d-203(1)(d) for accountable care organizations; and
    • (b) to reimburse money collected by the division from a hospital through a mistake made under this chapter.
  • (4)
    • (a) Subject to Subsection (4)(b), for the fiscal year beginning July 1, 2019, and ending July 1, 2020, any fund balance in excess of the amount necessary to pay for the costs described in Subsection (3) shall be deposited into the General Fund.
    • (b) Subsection (4)(a) applies only to funds that were appropriated by the Legislature from the General Fund to the fund and the interest and penalties deposited into the fund under Subsection (2)(b).




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