§ 10-16-1206. Health Insurance Affordability Cash Fund – Creation

1. There is hereby created in the state treasury the health insurance affordability cash fund. The fund consists of:
   1. The fees collected from carriers pursuant to section 10-16-1205 (1)(a)(I);
   2. The special assessments collected from hospitals pursuant to section 10-16-1205 (1)(a)(II);
   3. An amount of premium tax revenues deposited in the fund pursuant to section 10-3-209 (4)(a)(III), not to exceed, in any year, ten percent of the total amount the enterprise collects from carriers and hospitals under section 10-16-1205 (1)(a);
   4. The revenue collected from revenue bonds issued pursuant to section 10-16-1204 (1)(b)(II);
   5. Money that may be allocated to the fund pursuant to section 10-16-1308; and
   6. All interest and income derived from the deposit and investment of money in the fund.
2. Money in the fund shall not be transferred to any other fund, except as provided in section 10-16-1205 (2), and shall not be used for any purpose other than the purposes specified in this part 12.
3. All money in the fund is continuously available and appropriated to the enterprise to use in accordance with this part 12.
4. The fund is part of the enterprise established pursuant to section 10-16-1204 (1).

Source: L. 2020: Entire part added, (SB 20-215), ch. 201, p. 994, § 1, effective June 30. L. 2021: (1)(d) and (1)(e) amended and (1)(f) added, (HB 21-1232), ch. 241, p. 1293, § 3, effective June 16.