Washington Code 70.47.030 – Basic health plan trust account — Basic health plan subscription account
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(1) The basic health plan trust account is hereby established in the state treasury. Any nongeneral fund-state funds collected for this program shall be deposited in the basic health plan trust account and may be expended without further appropriation. Moneys in the account shall be used exclusively for the purposes of this chapter, including payments to participating managed health care systems on behalf of enrollees in the plan and payment of costs of administering the plan.
Terms Used In Washington Code 70.47.030
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- plan: means the system of enrollment and payment for basic health care services, administered by the plan director through participating managed health care systems, created by this chapter. See Washington Code 70.47.020
- Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
During the 1995-97 fiscal biennium, the legislature may transfer funds from the basic health plan trust account to the state general fund.
(2) The basic health plan subscription account is created in the custody of the state treasurer. All receipts from amounts due from or on behalf of nonsubsidized enrollees and health coverage tax credit eligible enrollees shall be deposited into the account. Funds in the account shall be used exclusively for the purposes of this chapter, including payments to participating managed health care systems on behalf of nonsubsidized enrollees and health coverage tax credit eligible enrollees in the plan and payment of costs of administering the plan. The account is subject to allotment procedures under chapter 43.88 RCW, but no appropriation is required for expenditures.
(3) The *administrator shall take every precaution to see that none of the funds in the separate accounts created in this section or that any premiums paid either by subsidized or nonsubsidized enrollees are commingled in any way, except that the *administrator may combine funds designated for administration of the plan into a single administrative account.
[ 2004 c 192 § 2; 1995 2nd sp.s. c 18 § 913; 1993 c 492 § 210; 1992 c 232 § 907. Prior: 1991 sp.s. c 13 § 68; 1991 sp.s. c 4 § 1; 1987 1st ex.s. c 5 § 5.]
NOTES:
*Reviser’s note: The definition of “administrator” was changed to “director” in RCW 70.47.020 by 2011 1st sp.s. c 15 § 83.
Effective date—2004 c 192: See note following RCW 70.47.020.
Severability—Effective date—1995 2nd sp.s. c 18: See notes following RCW 19.118.110.
Findings—Intent—1993 c 492: See notes following RCW 43.20.050.
Severability—1992 c 232: See note following RCW 43.33A.180.
Effective dates—Severability—1991 sp.s. c 13: See notes following RCW 18.08.240.
Effective date—1991 sp.s. c 4: “This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and shall take effect July 1, 1991.” [ 1991 sp.s. c 4 § 4.]