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North Carolina General Statutes Chapter 143C. State Budget Act § 143C-9-10. Health Advancement Receipts Special Fund

Current as of January 01, 2023 | Updated by FindLaw Staff

<Text of section eff. upon contingency. See notes below.>

(a) Creation.--The Health Advancement Receipts Special Fund is established as a nonreverting special fund in the Department of Health and Human Services.

(b) Source of Funds.--Each State fiscal quarter, the Department of Health and Human Services shall deposit in the Health Advancement Receipts Special Fund an amount of funds equal to the total nonfederal receipts for health advancement calculated under G.S. 108A-147.3(b) for that quarter, minus the State retention component under G.S. 108A-147.8 for that quarter, and plus the positive or negative gross premiums tax offset amount calculated under G.S. 108A-147.12(b) for that quarter.

(c) Use of Funds.--The Department of Health and Human Services shall use funds in the Health Advancement Receipts Special Fund only for the purposes described in G.S. 108A-147.13.

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Cite this article: FindLaw.com - North Carolina General Statutes Chapter 143C. State Budget Act § 143C-9-10. Health Advancement Receipts Special Fund - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-143c-state-budget-act/nc-gen-st-sect-143c-9-10/

Read this complete North Carolina General Statutes Chapter 143C. State Budget Act § 143C-9-10. Health Advancement Receipts Special Fund on Westlaw

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