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GA Adjustment
State Corporation Commission (171)
Request Title Modify start-up funding for the state health benefit exchange
Biennium 2020-2022
Budget Round Initial Bill
Half Sheet Number 487 #2c
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 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. In addition, the amendment reduces the nongeneral fund appropriation to reflect updated estimates of the cost to operate the Exchange.

Funding Details
By Program Program Code Program Title FY 2020 FY 2021
  408 Plan Management ($5,280,000) ($28,251,000)
By Fund Fund Code Fund Title FY 2020 FY 2021
  02998 Special Fund - Budgetary Only ($5,280,000) ($28,251,000)
Authorized Position Details
By Program Program Code Program Title FY 2020 FY 2021


p3_opview - Official Enacted Budget View Operating Bullet Details - 06-07-2025 11:26:12