SF 1365

as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to health; creating a health care endowment 
  1.3             fund; proposing coding for new law in Minnesota 
  1.4             Statutes, chapter 145. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [145.495] [HEALTH CARE ENDOWMENT FUND.] 
  1.7      Subdivision 1.  [CREATION.] The health care endowment fund 
  1.8   is created in the state treasury.  The state board of investment 
  1.9   shall invest the fund under section 11A.24.  All earnings of the 
  1.10  fund must be credited to the fund.  The principal of the fund 
  1.11  must be maintained inviolate, except that the principal may be 
  1.12  used to make expenditures from the fund for the purposes 
  1.13  specified in this section. 
  1.14     Subd. 2.  [EXPENDITURES.] (a) For fiscal year 2003, and 
  1.15  each year thereafter, up to five percent of the average of the 
  1.16  fair market values of the fund for the preceding 12 months shall 
  1.17  be appropriated by the legislature for health care initiatives.  
  1.18  These initiatives may include, but are not limited to:  grants 
  1.19  to support the capacity of community clinics to serve low-income 
  1.20  populations; grants to improve the care delivery infrastructure 
  1.21  of rural health care facilities; or to reduce the Minnesota 
  1.22  comprehensive health association assessments on health plan 
  1.23  companies. 
  1.24     Subd. 3.  [ENDOWMENT FUND NOT TO SUPPLANT EXISTING 
  1.25  FUNDS.] Appropriations from the fund must not be used as a 
  2.1   substitute for traditional sources of funding for health care 
  2.2   programs.  Any local political subdivision of the state 
  2.3   receiving money under this section must ensure that existing 
  2.4   local financial efforts remain in place.  
  2.5      Sec. 2.  [HEALTH CARE ENDOWMENT FUND.] 
  2.6      If the health care endowment fund created under section 1 
  2.7   is repealed, the commissioner of finance shall transfer the 
  2.8   principal and any remaining interest to the health care access 
  2.9   fund. 
  2.10     Sec. 3.  [TRANSFER.] 
  2.11     $150,000,000 is transferred from the health care access 
  2.12  fund to the health care endowment fund.