California Welfare and Institutions Code

§ 14105.200

WIC § 14105.200 Effective Jun 29, 2024Div. 9 · Part 3 · Ch. 7 · Art. 3

Statute text

(a)The Medi-Cal Provider Payment Reserve Fund is hereby created in the State Treasury.

(b)Notwithstanding Section 16305.7 of the Government Code, any interest and dividends earned on moneys in the Medi-Cal Provider Payment Reserve Fund shall be retained in the fund and used solely for the purposes specified in this section.

(c)(1) Subject to an appropriation made by the Legislature, the department shall use the funds transferred to the Medi-Cal Provider Payment Reserve Fund pursuant to paragraph (3) of subdivision (d) of Section 14199.82 for purposes of funding targeted increases to Medi-Cal payments or other investments that advance access, quality, and equity for Medi-Cal beneficiaries and promote provider participation in the Medi-Cal program.

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Legislative history

Repealed (in Sec. 56) and added by Stats. 2024, Ch. 40, Sec. 57. (SB 159) Effective June 29, 2024. Operative January 1, 2025, by its own provisions. Inoperative on date prescribed by Section 14199.103. Repealed one year after inoperative date, pursuant to Section 14199.103.