Sec. 2. (a) The Indiana prescription drug account is established within the Indiana tobacco master settlement agreement fund for the purpose of providing access to needed prescription drugs to ensure the health and welfare of Indiana’s low-income senior citizens. The account consists of:

(1) amounts to be distributed to the account from the Indiana tobacco master settlement agreement fund;

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Terms Used In Indiana Code 4-12-8-2

  • account: refers to the Indiana prescription drug account established by section 2 of this chapter. See Indiana Code 4-12-8-1
  • 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.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(2) appropriations to the account from other sources;

(3) rebates:

(A) required under 42 U.S.C. §§ 1396r-8(a) for a Medicaid waiver under which a prescription drug program is established or implemented; or

(B) voluntarily negotiated under a prescription drug program that is established or implemented;

to provide access to prescription drugs for low income senior citizens; and

(4) grants, gifts, and donations intended for deposit in the account.

     (b) The account shall be administered by the budget agency. Expenses for administration and benefits under the Indiana prescription drug program established under IC 12-10-16 shall be paid from the account. Money in the account at the end of the state fiscal year does not revert to the state general fund or the Indiana tobacco master settlement agreement fund but is annually appropriated and remains available for expenditure for a prescription drug program established or implemented to provide access to prescription drugs for low income senior citizens.

     (c) Money in the account may be used to match federal funds available under a Medicaid waiver under which a prescription drug program is established or implemented to provide access to prescription drugs for low income senior citizens.

As added by P.L.21-2000, SEC.6. Amended by P.L.291-2001, SEC.70; P.L.107-2002, SEC.1.

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