Full Text of HB2934 97th General Assembly
HB2934ham004 97TH GENERAL ASSEMBLY | Rep. Sara Feigenholtz Filed: 4/11/2011
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| 1 | | AMENDMENT TO HOUSE BILL 2934
| 2 | | AMENDMENT NO. ______. Amend House Bill 2934 by replacing | 3 | | everything after the enacting clause with the following:
| 4 | | "Section 1. Short title. This Act may be cited as the Cash | 5 | | Management and Medicaid Maximization Act of 2011. | 6 | | Section 5. Interfund transfers. | 7 | | (a) Notwithstanding any other provision of State law to the | 8 | | contrary, on the effective date of this Act,
or as soon | 9 | | thereafter as practical, for the purpose of accessing enhanced | 10 | | federal Medicaid matching
funds that expire on June 30, 2011, | 11 | | on or after June 20, 2011 and no later than June 25, 2011 the | 12 | | State
Comptroller shall direct and the State Treasurer shall | 13 | | transfer amounts into the Healthcare Provider
Relief Fund from | 14 | | the 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 | 4 | | July 30, 2011, if
either the Water Revolving Fund or the | 5 | | General Obligation Bond Retirement and Interest Fund has
| 6 | | insufficient cash from which the State Comptroller may make | 7 | | expenditures properly supported by
appropriations from the | 8 | | fund, then the State Treasurer and the State Comptroller shall | 9 | | transfer from the
General Revenue Fund to the fund only such | 10 | | amount as is immediately necessary to satisfy outstanding
| 11 | | expenditure obligations on a timely basis, subject to the | 12 | | provisions of the State Prompt Payment Act. All
or a portion of | 13 | | the amounts transferred from the General Revenue Fund to a fund | 14 | | pursuant to this
subsection (b) from time to time may be | 15 | | re-transferred by the State Comptroller and the State Treasurer
| 16 | | from the receiving fund into the General Revenue Fund as soon | 17 | | as and to the extent that deposits are
made into or receipts | 18 | | are collected by the receiving fund. | 19 | | If the General Revenue Fund has insufficient cash from | 20 | | which the State Comptroller may make repayments to the Water | 21 | | Revolving Fund or the General Obligation Bond Retirement and | 22 | | Interest Fund in order to satisfy any immediate federal or | 23 | | State obligations, then the Governor, the State Treasurer, and | 24 | | the State Comptroller shall transfer from special funds of the | 25 | | State, excluding the Road Fund, to the extent allowed by |
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| 1 | | federal law, to the Water Revolving Fund or the General | 2 | | Obligation Bond Retirement and Interest Fund only such amount | 3 | | as is immediately necessary to satisfy outstanding expenditure | 4 | | obligations on a timely basis, subject to provisions of the | 5 | | State Prompt Payment Act. No transfer may be made from a fund | 6 | | under this Section that would have the effect of reducing the | 7 | | available balance in the fund to an amount less than the amount | 8 | | remaining unexpended and unreserved from the total | 9 | | appropriation from that fund estimated to be expended for the | 10 | | months of July and August 2011. Notwithstanding any other | 11 | | provision of this Section, no such transfer may be made from | 12 | | any special fund that is exclusively collected by or | 13 | | appropriated to any other constitutional officer without the | 14 | | written approval of that constitutional officer. Any moneys | 15 | | transferred pursuant to this subsection shall be repaid from | 16 | | the General Revenue Fund to the fund of origin by August 31, | 17 | | 2011. | 18 | | (c) By no later than July 30, 2011 any amounts transferred | 19 | | from the Water Revolving Fund or the
General Obligation Bond | 20 | | Retirement and Interest Fund under the authority of this | 21 | | Section shall be
transferred back and receipted by the General | 22 | | Revenue Fund and the Healthcare and Provider Relief Fund. These | 23 | | transfers back to the funds of origin
shall be made and | 24 | | receipted notwithstanding any other State law to the contrary. | 25 | | If the General Revenue Fund has insufficient cash from | 26 | | which the State Comptroller may make repayments to the Water |
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| 1 | | Revolving Fund or the General Obligation Bond Retirement and | 2 | | Interest Fund in order to satisfy any immediate federal or | 3 | | State obligations, then the Governor, the State Treasurer, and | 4 | | the State Comptroller shall transfer from special funds of the | 5 | | State, excluding the Road Fund, to the extent allowed by | 6 | | federal law, to the Water Revolving Fund or the General | 7 | | Obligation Bond Retirement and Interest Fund only such amount | 8 | | as is immediately necessary to satisfy outstanding expenditure | 9 | | obligations on a timely basis, subject to provisions of the | 10 | | State Prompt Payment Act. No transfer may be made from a fund | 11 | | under this Section that would have the effect of reducing the | 12 | | available balance in the fund to an amount less than the amount | 13 | | remaining unexpended and unreserved from the total | 14 | | appropriation from that fund estimated to be expended for the | 15 | | months of July and August 2011. Notwithstanding any other | 16 | | provision of this Section, no such transfer may be made from | 17 | | any special fund that is exclusively collected by or | 18 | | appropriated to any other constitutional officer without the | 19 | | written approval of that constitutional officer. Any moneys | 20 | | transferred pursuant to this subsection shall be repaid from | 21 | | the General Revenue Fund to the fund of origin by August 31, | 22 | | 2011. | 23 | | Section 10. Interest payable to the Water Revolving Fund | 24 | | and the General Obligation Bond Retirement
and Interest Fund. | 25 | | As soon as practical after all amounts initially transferred |
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| 1 | | from the Water Revolving
Fund and the General Obligation Bond | 2 | | Retirement and Interest Fund have been transferred back
| 3 | | pursuant to Section 5 of this Act, the State Treasurer shall | 4 | | calculate the amounts of interest that would
have accrued to | 5 | | any special State fund that transferred moneys into the General | 6 | | Revenue Fund for the purposes of this Act if those transfers | 7 | | had not occurred and transfer those amounts from the General | 8 | | Revenue Fund to
those special funds of the State. | 9 | | Section 15. Prohibition on payments to contractors. No | 10 | | fees or expenses shall be paid by the State to
any contractual | 11 | | legal counsel, financial advisor, or other consultant or | 12 | | contractor in relation to the
actions authorized pursuant to | 13 | | this Act.
| 14 | | Section 99. Effective date. This Act takes effect upon | 15 | | becoming law.".
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