Report Title:

Education; Federal Revenue Maximization Program Revolving Fund

Description:

Establishes the federal revenue maximization program revolving fund to collect and disburse revenue for medicaid-eligible health services provided to public school children. (SD1)

HOUSE OF REPRESENTATIVES

H.B. NO.

2961

TWENTY-THIRD LEGISLATURE, 2006

H.D. 1

STATE OF HAWAII

S.D. 1


 

A BILL FOR AN ACT

 

relating to education.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. The legislature finds that the department of education federal revenue maximization program was established to develop a claiming process for all medicaid–eligible health services that it provides to Hawaii's school-aged children.

The legislature also finds that current moneys generated from the revenue maximization program are deposited into the general fund. However, the deposit of generated revenue into the general fund does not guarantee the moneys would be dedicated to the school-based claiming program. Thus, a revolving fund for the federal revenue maximization program should be established to provide a clear nexus between the revenue generated from the school-based claiming program and the provision of those services.

Accordingly, the purpose of this Act is to create a revolving fund for the collection and disbursement of generated revenue to support the administration and operations of the federal revenue maximization program.

SECTION 2. Chapter 302A, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

"§302A-   Federal revenue maximization program revolving fund; established. (a) There is established in the state treasury the federal revenue maximization program revolving fund to be administered by the department. Moneys from the revolving fund shall be expended by the department for medicaid-eligible services provided by the department.

(b) The federal revenue maximization program revolving fund shall consist of:

(1) Federal revenue collected by the department for administering and operating the school-based federal revenue maximization program;

(2) Legislative appropriations;

(3) All interest earned on the deposit or investment of moneys in the federal revenue maximization program revolving fund; and

(4) Any other moneys made available to the federal revenue maximization program revolving fund from other sources."

SECTION 3. New statutory material is underscored.

SECTION 4. This Act shall take effect on July 1, 2006.