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Ch. 174
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Martin O'Malley, Governor
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19-803.
(a) The Commissioner shall administer the Fund.
(b) Notwithstanding § 2-114 of this article:
(1) the Commissioner shall deposit the revenue from the tax imposed
on health maintenance organizations and managed care organizations under § 6-102
of this article in the Fund;
(2) during the period an allocation is made to the Rate Stabilization
Account, the Commissioner may distribute up to $350,000 annually from the revenue
estimated to be received by the Fund in a fiscal year to provide for the costs incurred
by the Commissioner to administer the Fund;
(3) after distributing the amount required under paragraph (2) of this
subsection, the Commissioner shall allocate the revenue and unallocated balance of
the Fund according to the following schedule:
(i) in fiscal year 2005, $3,500,000 to the Medical Assistance
Program Account;
(ii) in fiscal year 2006:
1. $52,000,000 to the Rate Stabilization Account to pay
for health care provider rate reductions, credits, or refunds in calendar year 2005; and
2. $30,000,000 to the Medical Assistance Program
Account;
(iii) in fiscal year 2007:
1. $45,000,000 to the Rate Stabilization Account to pay
for health care provider rate reductions, credits, or refunds in calendar year 2006; and
2. $45,000,000 to the Medical Assistance Program
Account;
(iv) in fiscal year 2008:
1. $35,000,000 to the Rate Stabilization Account to pay
for health care provider rate reductions, credits, or refunds in calendar year 2007; and
2. $65,000,000 to the Medical Assistance Program
Account;
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- 1365 -
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