Virginia House Bill 1107 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 10 2018 - 25% progression, died in committee
Action: 2018-02-13 - Left in Rules
Pending: House Rules Committee
Text: Latest bill text (Prefiled) [HTML]

Medicaid funds. Creates the Medicaid Legacy Fund (the Fund), to consist of all federal and state Medicaid funds, including any funds made available as enhanced match under 42 U.S.C. §1396d(y). Moneys in the Fund shall be used for paying the cost of medical assistance services. Moneys remaining in the Fund at the end of the fiscal year shall be deposited in the Medicaid Legacy Investment Fund and invested, and proceeds shall be disbursed to and deposited in the Fund at the beginning of the next fiscal year to be used to pay a portion of the cost of medical assistance services. The amount of revenue appropriated by the General Assembly in any year in which funds are disbursed from the Medicaid Legacy Investment Fund to the Fund shall be reduced by the amount transferred from the Medicaid Legacy Investment Fund to the Fund. The bill directs the Board of the Virginia Retirement System to manage the Medicaid Legacy Investment Fund. The bill also provides that upon adoption of any measure expanding eligibility for medical assistance services to include individuals described in 42 U.S.C. §1396a(a)(10)(A)(i)(VIII), the Secretary of Health and Human Resources shall apply for a waiver to allow the Commonwealth to receive federal funds for medical assistance services as an annual payment at the beginning of each fiscal year.

Medicaid Legacy Fund; created.

Del. David Yancey [R]

Date	Chamber	Action
2018-02-13	House	Left in Rules
2018-01-10	House	Referred to Committee on Rules
2018-01-10	House	Prefiled and ordered printed; offered 01/10/18 18102388D

Chapter	Article	Section	Citation Type	Statute Text
32	1	331.01	(n/a)	See Bill Text
51	1	124.40	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?181+sum+HB1107
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?181+ful+HB1107+hil