New Mexico Statutes Chapter 24A. Health Care Code § 24A-8-4. Health care delivery and access fund; created

Current as of January 01, 2024 | Updated by Findlaw Staff

A. The “health care delivery and access fund” is created as a nonreverting fund in the state treasury. The fund consists of distributions, appropriations, transfers, gifts, grants, donations, bequests and income from investment of the fund. The authority shall administer the fund. Money in the fund is appropriated to the authority for the purposes of the fund provided in Subsection B of this section. Expenditures from the fund shall be by warrant of the secretary of finance and administration pursuant to vouchers signed by the secretary of health care authority or the secretary's authorized representative.

B. Money in the health care delivery and access fund shall be used only for the following purposes:

(1) at least ninety percent for the non-federal share of the medicaid-directed payment program;

(2) not more than ten percent for the non-federal share of costs incurred by the authority to administer the Health Care Delivery and Access Act; and

(3) for refunds to eligible hospitals, in proportion to the assessment amounts paid by the hospitals, if there is a final determination that the assessment is not a permissible source of non-federal medicaid program expenditures or if a substantial portion of the federal funding for the directed payments is disallowed.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 24A. Health Care Code § 24A-8-4. Health care delivery and access fund; created - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-24a-health-care-code/nm-st-sect-24a-8-4/

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