205.6487 Establishment of trust fund -- Maintenance.
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<![CDATA[ Page 1 of 1 205.6487 Establishment of trust fund -- Maintenance. (1) A "Kentucky Children's Health Insurance Program Trust Fund" shall be established for the purpose of receiving all appropriated funds, premiums, or other revenue <br>received by the Kentucky Children's Health Insurance Program to be used for the <br>payment of costs and services associated with the administration of the program. <br>Appropriations made to the Kentucky Children's Health Insurance Program trust <br>fund shall not lapse at the end of a fiscal year but shall be carried forward in the <br>trust fund account and shall be available for allotment for its particular purpose in <br>the next fiscal year. (2) The Kentucky Children's Health Insurance trust fund may receive state appropriations, gifts, and grants, including federal funds. Any unallotted or <br>unencumbered balances in the Kentucky Children's Health Insurance Program trust <br>fund shall be invested as provided for in KRS 42.500(9). Income earned from the <br>investments shall be credited to the Kentucky Children's Health Insurance Program <br>trust fund account. (3) The secretary of the Cabinet for Health and Family Services shall, by administrative regulation promulgated in accordance with KRS Chapter 13A, provide for the <br>administration of the trust fund. (4) In administering the Kentucky Children's Health Insurance Program, the administrative costs under the program shall be limited to no more than ten percent <br>(10%) of applicable program costs. (5) Notwithstanding the provisions of KRS 205.6336, the trust fund shall administer any savings from the implementation of the cabinet's Kentucky Children's Health <br>Insurance Program through managed care and shall use those savings to provide <br>state matching funds for any enhanced federal funds available under Title XXI of <br>the Federal Social Security Act. Effective: June 20, 2005 <br>History: Amended 2005 Ky. Acts ch. 99, sec. 262, effective June 20, 2005. -- Created 1998 Ky. Acts ch. 253, sec. 4, effective April 2, 1998. ]]>