Bill Text: MI SB1266 | 2017-2018 | 99th Legislature | Introduced

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Bill Title: State agencies (existing); treasury; earmark of revenue collected under insurance provider assessment act for the environmental protection fund; create. Amends sec. 13 of 2018 PA 175 (MCL 550.1763).

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2018-12-06 - Referred To Committee On Government Operations [SB1266 Detail]

Download: Michigan-2017-SB1266-Introduced.html

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SENATE BILL No. 1266

 

 

December 6, 2018, Introduced by Senator SHIRKEY and referred to the Committee on Government Operations.

 

 

 

     A bill to amend 2018 PA 175, entitled

 

"Insurance provider assessment act,"

 

by amending section 13 (MCL 550.1763).

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 13. (1) All money received and collected under this act

 

shall be deposited by the department in the insurance provider fund

 

established in this section.

 

     (2) The insurance provider fund is created within the state

 

treasury and shall be administered by the department for auditing

 

purposes.

 

     (3) The state treasurer may receive money or other assets from

 

any source for deposit into the fund. The state treasurer shall

 

direct the investment of the fund. The state treasurer shall credit

 

to the fund interest and earnings from fund investments.

 

     (4) The department shall expend money from the fund, upon

 

appropriation, only for 1 or more of the following purposes:

 

     (a) Beginning in the 2018-2019 state fiscal year, the first

 

$14,000,000.00 to be appropriated for the payment of actuarially

 

sound capitation rates to Medicaid managed care organizations, and

 

each state fiscal year thereafter, the amount necessary to continue

 

to support the payment of actuarially sound capitation rates to

 

Medicaid managed care organizations.

 

     (b) For the 2018-2019 state fiscal year, to appropriate an

 

amount not to exceed $315,000,000.00 to offset the net revenue lost

 

under the health insurance claims assessment act, 2011 PA 142, MCL

 

550.1731 to 550.1741.

 

     (c) For the 2019-2020 state fiscal year, to appropriate an

 

amount not to exceed $240,000,000.00 to offset the net revenue lost

 

under the health insurance claims assessment act, 2001 2011 PA 142,

 

MCL 550.1731 to 550.1741.

 

     (d) To pay administrative and compliance costs in accordance

 

with section 15.

 

     (e) For the 2018-2019 state fiscal year and each state fiscal

 

year thereafter, to appropriate an amount not to exceed

 

$45,000,000.00 to the environmental protection fund created in

 

section 503a of the natural resources and environmental protection

 

act, 1994 PA 451, MCL 324.503a.

 

     (f) (e) The balance of the fund remaining after the

 

appropriations described in subdivisions (a), (b), (c), and (d),

 

and (e) shall be transferred to a separate restricted account

 

within the insurance provider fund and only used as appropriated by

the legislature.

 

     (5) Money in the fund at the close of the fiscal year shall

 

remain in the fund and shall not lapse to the general fund.