1998 Minnesota Statutes

     16A.76 Federal reserve; health care access fund. 

    Subdivision 1.    Establish reserve.  The federal 
 contingency reserve is established within the health care access 
 fund for uses necessary to preserve access to basic health care 
 services when federal funding is significantly reduced. 

    Subd. 2.    Reserve financing.  The funds in reserve 
 shall be equal to the amount of federal financial participation 
 received since July 1, 1995, for services and administrative 
 activities funded by the health care access fund up to a reserve 
 limit of $150,000,000.  Investment income attributed to the 
 federal contingency reserve balances shall also be included in 
 the total reserve amount. 

    Subd. 3.    Permitted use.  The federal contingency 
 reserve is established to protect access to basic health care 
 services that are publicly funded.  Funds held in the federal 
 contingency reserve are available for appropriation in the event 
 that federal funds for basic health care services are 
 significantly reduced such as under federal reform or other 
 significant changes to federal law. 

    Subd. 4.    Limits on use.  The federal contingency 
 reserve is not available for supplementing reductions in federal 
 funding resulting from application of current federal law 
 funding formulas, for funding long-term care services, or for 
 replacing existing general fund commitments. 

    HIST: 1997 c 225 art 3 s 1