N.Y. State Finance Law 99-W*2 – SUNY DSRIP escrow fund
* § 99-w. SUNY DSRIP escrow fund. 1. Notwithstanding any other provision of law, rule, regulation, or practice to the contrary, there is hereby established in the joint custody of the comptroller and the chancellor of the state university of New York (SUNY) a trust and agency fund, to be known as the "SUNY DSRIP escrow fund" which shall be available without fiscal year limitation.
Terms Used In N.Y. State Finance Law 99-W*2
- 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
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
2. The SUNY DSRIP escrow fund shall consist of (i) monies transferred to SUNY hospital facilities, acting as lead providers under the delivery system reform incentive payment program from the medicaid management information system (MMIS) statewide escrow fund (179) to provide funds to SUNY hospital facilities to make those payments specified in subdivision three of this section that are authorized by New York State's Section 1115 Waiver Partnership Plan pursuant to Section 1115 of Title XI of the Social Security Act, and (ii) monies transferred by SUNY from a state university health care account referenced in subdivision eight-a of § 355 of the education law to pay any amount owed by a SUNY hospital to a performing provider system for which such SUNY hospital is the lead provider resulting from a successful payment distribution challenge by such performing provider system. Notwithstanding any law to the contrary, such amounts owed by a SUNY hospital may be transferred without appropriation by SUNY from the health care account referenced in subdivision eight-a of § 355 of the education law to the SUNY DSRIP escrow fund.
3. Monies of the SUNY DSRIP escrow fund shall be expended only for such purposes as authorized under the delivery system reform incentive payment program of New York State's Section 1115 Waiver Partnership Plan pursuant to Section 1115 of Title XI of the Social Security Act. Notwithstanding any other law, rule, regulation or practice to the contrary, upon the request of the chancellor of SUNY, or her or his designee, payments from the SUNY DSRIP escrow fund shall be made, solely and exclusively to Central New York Care Collaborative, Inc. and SB Clinical Network IPA, LLC, or any successor in interest to either entity, as necessary to implement the distribution of the net award of health care delivery system reform incentive payments in accordance with the methodology and distribution plan for award distribution adopted and amended from time to time by the performing provider system for which a SUNY hospital is the lead provider.
* NB There are 2 § 99-w's