16A.724 HEALTH CARE ACCESS FUND.
Subdivision 1. Creation of fund.
A health care access fund is created in the state treasury.
The fund is a direct appropriated special revenue fund. The commissioner shall deposit to the
credit of the fund money made available to the fund. Notwithstanding section
, after June
30, 1997, all investment income and all investment losses attributable to the investment of the
health care access fund not currently needed shall be credited to the health care access fund.
Subd. 2. Transfers.
(a) Notwithstanding section
, to the extent available resources
in the health care access fund exceed expenditures in that fund, effective with the biennium
beginning July 1, 2007, the commissioner of finance shall transfer the excess funds from the
health care access fund to the general fund on June 30 of each year, provided that the amount
transferred in any fiscal biennium shall not exceed $96,000,000.
(b) For fiscal years 2006 to 2009, MinnesotaCare shall be a forecasted program, and, if
necessary, the commissioner shall reduce these transfers from the health care access fund to the
general fund to meet annual MinnesotaCare expenditures or, if necessary, transfer sufficient funds
from the general fund to the health care access fund to meet annual MinnesotaCare expenditures.
History: 1992 c 549 art 9 s 1; 1995 c 234 art 9 s 1; 1Sp2005 c 4 art 8 s 1