The bill establishes the Medicaid and 247 Facility Contingency Fund, which is designed to provide financial support for Medicaid services and facilities that operate under the 247 program. It outlines specific uses for the fund, ensuring that the resources are allocated effectively to meet the needs of these services. Additionally, the bill includes provisions for the transfer of funds into the contingency fund and specifies appropriations necessary for its operation.

Furthermore, the legislation stipulates an immediate effective date for the fund's establishment, along with a termination date, which indicates when the fund will cease to operate unless further action is taken. This framework aims to enhance the sustainability and responsiveness of Medicaid services and facilities, addressing potential funding gaps that may arise in the future.

Statutes affected:
HB0835_1.pdf: 17-7-502, 53-6-404
HB0835_2.pdf: 17-7-502, 53-6-404
HB0835_3.pdf: 17-7-502, 53-6-404
Amended: 17-7-502, 53-6-404
Introduced: 17-7-502, 53-6-404