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Current as of March 28, 2024 | Updated by FindLaw Staff
(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the “Arkansas Medicaid Program Trust Fund”.
(b)(1) The fund shall consist of the following:
(A) All revenues derived from taxes levied on soft drinks sold or offered for sale in Arkansas under the Arkansas Soft Drink Tax Act, § 26-57-901 et seq., there to be used exclusively for the state match of federal funds participation under the Arkansas Medicaid Program;
(B) The additional ambulance annual fees stated in § 20-13-212;
(C) The special revenues specified in §§ 19-6-301(156) and 19-6-301(236);
(D) The amounts collected under §§ 26-57-604 and 26-57-605 above the forecasted level for insurance premium taxes set by the Chief Fiscal Officer of the State under § 10-3-1404(a)(1)(A);
(E) The amount provided for in § 19-5-402(a)(3); and
(F) Payments from surety bonds issued regarding risk-based provider organizations, as defined in § 20-77-2703.
(2) If the Arkansas Medicaid Program should be discontinued for any reason, the revenues derived from the soft drink tax levied in the Arkansas Soft Drink Tax Act, § 26-57-901 et seq., and the funds described in subdivision (b)(1)(E) of this section shall be used exclusively to provide services to Arkansas residents comparable to the services now provided under the Arkansas Medicaid Program.
Cite this article: FindLaw.com - Arkansas Code Title 19. Public Finance § 19-5-985. Arkansas Medicaid Program Trust Fund - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-19-public-finance/ar-code-sect-19-5-985/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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