(a) There is hereby established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the Arkansas Medicaid Program Trust Fund.
(b) (1) The fund shall consist of the following:
(A) All revenues derived from taxes levied on soft drinks sold or offered for sale in Arkansas under the Arkansas Soft Drink Tax Act, § 26-57-901 et seq., there to be used exclusively for the state match of federal funds participation under the Arkansas Medicaid Program;
(B) The additional ambulance annual fees stated in § 20-13-212;
(C) The special revenues specified in §§ 19-6-301(156) and 19-6-301(236); and
(D) The amounts collected under §§ 26-57-604 and 26-57-605 above the forecasted level for insurance premium taxes set by the Chief Fiscal Officer of the State under § 10-3-1404(a)(1)(A).
(2) If the Arkansas Medicaid Program should be discontinued for any reason, the revenues derived from the soft drink tax levied in the Arkansas Soft Drink Tax Act, § 26-57-901 et seq., shall be used exclusively to provide services to Arkansas residents comparable to the services now provided under the Arkansas Medicaid Program.
Section: Previous 19-5-976 19-5-978 19-5-979 19-5-980 19-5-982 19-5-983 19-5-984 19-5-985 19-5-986 19-5-987 19-5-989 19-5-990 19-5-991 19-5-992 19-5-993 NextLast modified: November 15, 2016