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GA Adjustment
State Corporation Commission (171)
Request Title Modify state health benefit exchange funding provisions
Biennium 2018-2020
Budget Round Caboose Bill
Half Sheet Number 481 #1c
Description

This amendment modifies language in the introduced budget to allow the Secretary of Finance to authorize either a working capital advance or an interest-free treasury loan in an amount not to exceed $40,000,000 for the State Corporation Commission (SCC) to fund start-up costs and other costs associated with the implementation of a State Health Benefit Exchange. The Secretary of Finance may extend the repayment plan for any such working capital advance or interest-free treasury loan for a period longer than twelve months. The State Corporation Commission is allowed to use a portion of the user fees collected from health insurance carriers participating in the State Health Benefit Exchange to repay the working capital advance or interest-free treasury loan. The amendment also authorizes the SCC to use any unused funds appropriated for plan management functions in the second year to fund the initial start-up costs and provides the nongeneral fund appropriation to reflect updated estimates of the cost to operate the Exchange.

Funding Details
By Program Program Code Program Title FY 2018 FY 2019
  408 Plan Management $0 $350,000
By Fund Fund Code Fund Title FY 2018 FY 2019
  02998 Special Fund - Budgetary Only $0 $350,000
Authorized Position Details
By Program Program Code Program Title FY 2018 FY 2019


p3_opview - Official Enacted Budget View Operating Bullet Details - 11-08-2025 13:19:57