The bill establishes the "Medicaid Trust Fund" and the "State-Supported Medicaid Fund" within the state treasury to enhance funding for the Medicaid program. The Medicaid Trust Fund will be a nonreverting fund consisting of various sources such as appropriations, gifts, and investment income. It mandates that certain unexpended or unencumbered balances from general fund appropriations revert to the Medicaid Trust Fund, with specific provisions for when the fund reaches a balance of two billion dollars. Additionally, the bill requires the state investment officer to manage the fund's investments and report on them quarterly.

The State-Supported Medicaid Fund will be administered by the health care authority and will also consist of various funding sources, with expenditures subject to legislative appropriation. The bill includes provisions for the transfer of $300 million from the general fund to the Medicaid Trust Fund and outlines the conditions under which funds can be appropriated from the trust fund, particularly in response to decreases in federal matching funds or general fund balances. Overall, the legislation aims to secure and manage resources for the state's Medicaid program effectively.

Statutes affected:
introduced version: 6-5-10, 6-10-2.1