Rep. Sara Feigenholtz

Filed: 4/7/2011

 

 


 

 


 
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1
AMENDMENT TO HOUSE BILL 2934

2    AMENDMENT NO. ______. Amend House Bill 2934 by replacing
3everything after the enacting clause with the following:
 
4    "Section 1. Short title. This Act may be cited as the
5Medicaid Maximization Act of 2011.
 
6    Section 5. Interfund transfers.
7    (a) Notwithstanding any other provision of State law to the
8contrary, on the effective date of this Act, or as soon
9thereafter as practical, for the purpose of accessing enhanced
10federal Medicaid matching funds that expire on June 30, 2011,
11on or after June 20, 2011 and no later than June 25, 2011 the
12State Comptroller shall direct and the State Treasurer shall
13transfer amounts into the Healthcare Provider Relief Fund from
14the designated funds not exceeding the following totals:
 
15    Water Revolving Fund.........................$400,000,000

 

 

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1    General Obligation Bond Retirement
2        and Interest Fund........................$500,000,000
 
3    (b) On and after the effective date of this Act through
4July 30, 2011, if either the Water Revolving Fund or the
5General Obligation Bond Retirement and Interest Fund has
6insufficient cash from which the State Comptroller may make
7expenditures properly supported by appropriations from the
8fund, then the State Treasurer and the State Comptroller shall
9transfer from the General Revenue Fund to the fund only such
10amount as is immediately necessary to satisfy outstanding
11expenditure obligations on a timely basis, subject to the
12provisions of the State Prompt Payment Act. All or a portion of
13the amounts transferred from the General Revenue Fund to a fund
14pursuant to this subsection (b) from time to time may be
15re-transferred by the State Comptroller and the State Treasurer
16from the receiving fund into the General Revenue Fund as soon
17as and to the extent that deposits are made into or receipts
18are collected by the receiving fund.
19    If the General Revenue Fund has insufficient cash from
20which the State Comptroller may make repayments to the Water
21Revolving Fund or the General Obligation Bond Retirement and
22Interest Fund in order to satisfy any immediate federal or
23State obligations, then the State Treasurer and the State
24Comptroller shall transfer from special funds of the State,
25excluding the Road Fund, to the extent allowed by federal law,

 

 

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1to the Water Revolving Fund or the General Obligation Bond
2Retirement and Interest Fund only such amount as is immediately
3necessary to satisfy outstanding expenditure obligations on a
4timely basis, subject to provisions of the State Prompt Payment
5Act. No transfer may be made from a fund under this Section
6that would have the effect of reducing the available balance in
7the fund to an amount less the amount remaining unexpended and
8unreserved from the total appropriation from that fund
9estimated to be expended for the months of July and August
102011. Notwithstanding any other provision of this Section, no
11such transfer may be made from any special fund that is
12exclusively collected by or appropriated to any other
13constitutional officer without the written approval of that
14constitutional officer. Any moneys transferred pursuant to
15this subsection shall be repaid to the fund of origin by August
1631, 2011.
17    (c) By no later than July 30, 2011 any amounts transferred
18from the Water Revolving Fund or the General Obligation Bond
19Retirement and Interest Fund under the authority of this
20Section shall be transferred back and receipted by the General
21Revenue Fund and the Healthcare and Provider Relief Fund. These
22transfers back to the funds of origin shall be made and
23receipted notwithstanding any other State law to the contrary.
24    If the General Revenue Fund has insufficient cash from
25which the State Comptroller may make repayments to the Water
26Revolving Fund or the General Obligation Bond Retirement and

 

 

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1Interest Fund in order to satisfy any immediate federal or
2State obligations, then the State Treasurer and the State
3Comptroller shall transfer from special funds of the State,
4excluding the Road Fund, to the extent allowed by federal law,
5to the Water Revolving Fund or the General Obligation Bond
6Retirement and Interest Fund only such amount as is immediately
7necessary to satisfy outstanding expenditure obligations on a
8timely basis, subject to provisions of the State Prompt Payment
9Act. No transfer may be made from a fund under this Section
10that would have the effect of reducing the available balance in
11the fund to an amount less the amount remaining unexpended and
12unreserved from the total appropriation from that fund
13estimated to be expended for the months of July and August
142011. Notwithstanding any other provision of this Section, no
15such transfer may be made from any special fund that is
16exclusively collected by or appropriated to any other
17constitutional officer without the written approval of that
18constitutional officer. Any moneys transferred pursuant to
19this subsection shall be repaid to the fund of origin by August
2031, 2011.
 
21    Section 10. Interest payable to the Water Revolving Fund
22and the General Obligation Bond Retirement and Interest Fund.
23As soon as practical after all amounts initially transferred
24from the Water Revolving Fund and the General Obligation Bond
25Retirement and Interest Fund have been transferred back

 

 

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1pursuant to Section 5 of this Act, the State Treasurer shall
2calculate the amounts of interest that would have accrued to
3both the Water Revolving Fund and the General Obligation Bond
4Retirement and Interest Fund if those transfers had not
5occurred and transfer those amounts from the General Revenue
6Fund to the Water Revolving Fund and the General Obligation
7Bond Retirement and Interest Fund.
 
8    Section 15. Prohibition on payments to contractors. No
9fees or expenses shall be paid by the State to any contractual
10legal counsel, financial advisor, or other consultant or
11contractor in relation to the actions authorized pursuant to
12this Act.
 
13    Section 99. Effective date. This Act takes effect upon
14becoming law.".