Sec. JJJ-1. 22 MRSA §3174-II is enacted to read:
§3174-II. MaineCare Stabilization Fund
1. Fund established. The MaineCare Stabilization Fund, referred to in this section as "the fund," is established as an Other Special Revenue Funds account for the purposes specified in this section.
2. Nonlapsing. Any unexpended balances in the fund may not lapse but must be carried forward.
3. Fund purposes. Allocations from the fund must prevent any loss of services or increased cost of services to a MaineCare member or a person receiving benefits under the elderly low-cost drug program under section 254 that would otherwise result from insufficient General Fund appropriations, insufficient federal matching funds or any other shortage of funds, changes in federal or state law, rule or policy or the implementation of the federal Medicare Prescription Drug, Improvement, and Modernization Act of 2003.
4. Report by State Controller. The State Controller shall report at least annually on the fund on or before the 2nd Friday in November to the joint standing committee of the Legislature having jurisdiction over appropriations and financial affairs and the joint standing committee of the Legislature having jurisdiction over health and human services matters. The report must summarize the status of and activity in the fund.
Sec. JJJ-2. Funds deposited. Any funds remaining from funds appropriated to the Medical Care - Payments to Providers account in Public Law 2005, chapter 386 to fund shortfalls in the account for fiscal year 2004-05 must be calculated by the State Controller, who shall transfer the funds to the MaineCare Stabilization Fund by June 30, 2006.
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