A. The delivery system reform incentive payment fund is established. The fund shall be used to pay all costs incurred pursuant to the section 1115 waiver authority associated with delivery system reform incentive payments and designated state health programs.

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B. The administration shall administer the fund, and the fund is continuously appropriated. On notice from the administration, the state treasurer shall invest and divest monies in the fund as provided by section 35-313, and monies earned from investment shall be credited to the fund.

C. Separate accounts may be established within the fund for each designated state health program.

D. The delivery system reform incentive payment fund consists of:

1. All monies deposited in the fund pursuant to the section 1115 waiver authority associated with delivery system reform incentive payments and designated state health programs.

2. Gifts, donations and grants from any source.

3. Federal monies available to this state.

4. Interest on monies deposited in the fund.

E. Monies in the fund are exempt from the provisions of section 35-190, relating to lapsing of appropriations.

F. Before the initial deposit of any monies in the fund, the administration shall submit an expenditure plan for review by the joint legislative budget committee.