N.Y. State Finance Law 99-HH*4 – Behavioral health parity compliance fund
* § 99-hh. Behavioral health parity compliance fund. 1. There is hereby established in the custody of the state comptroller and the department of taxation and finance a special fund to be known as the behavioral health parity compliance fund.
Terms Used In N.Y. State Finance Law 99-HH*4
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
2. Moneys in the behavioral health parity compliance fund shall be kept separate from and shall not be commingled with any other moneys in the custody of the comptroller or the commissioner of taxation and finance. Provided, however that any moneys of the fund not required for immediate use may, at the discretion of the comptroller, in consultation with the director of the budget, be invested by the comptroller in obligations of the United States or the state. The proceeds of any such investment shall be retained by the fund as assets to be used for purposes of this fund.
3. Such fund shall consist of all moneys required to be deposited thereto pursuant to § 344 of the insurance law, § 4414 of the public health law or any other provision of law, monetary grants, gifts or bequests received by the state, and all other moneys credited or transferred thereto from any other fund or source.
4. Moneys of the fund shall only be expended for initiatives supporting parity implementation and enforcement on behalf of consumers, including the behavioral health ombudsman program.
* NB There are 4 § 99-hh's