Item 318 | First Year - FY2001 | Second Year - FY2002 |
|---|---|---|
| Virginia Children's Medical Security Insurance Plan (44600) | $65,256,915 | $66,019,086 |
| Virginia Children's Medical Security Plan Payments (44602) | FY2001 $58,789,084 | FY2002 $59,551,255 |
| Children's Medical Assistance Administration (44603) | FY2001 $6,467,831 | FY2002 $6,467,831 |
| Fund Sources: | ||
| General | FY2001 $14,984,052 | FY2002 $14,984,052 |
| Dedicated Special Revenue | FY2001 $7,006,804 | FY2002 $7,262,525 |
| Federal Trust | FY2001 $43,266,059 | FY2002 $43,772,509 |
Authority: Title 32.1, Chapter 13, Code of Virginia.
A. Pursuant to Chapter 679, Acts of Assembly of 1997, the State Corporation Commission shall annually, on or before June 30, 1998, and each year thereafter, calculate the premium differential between: (i) 0.75 percent of the direct gross subscriber fee income derived from eligible contracts and (ii) the amount of license tax revenue generated pursuant to subdivision A 4 of § 58.1-2501 for the immediately preceding taxable year and notify the Comptroller of the Commonwealth to transfer such amounts to the Virginia Children's Medical Security Insurance Plan Trust Fund as established on the books of the Comptroller.
B.1. As a condition of this appropriation, revenues from the Virginia Medical Security Insurance Plan Trust Fund, shall be used to match federal funds for the State Children's Health Insurance Program.
2. As a condition of this appropriation, $1,131,758 from dedicated special revenue and $2,263,516 from federal funds the first year and $1,131,758 from dedicated special revenue and $2,263,516 from federal funds the second year shall be transferred from this Item to Item 383 for local departments of social services to administer the Virginia Children's Medical Security Insurance Plan.
3. The Department of Medical Assistance Services shall reimburse the Department of Social Services for agreed upon costs incurred by the Department of Social Services and the local Department of Social Services in the operation of Virginia’s Title XXI children’s health program; originally named the Virginia Children’s Medical Security Insurance Plan and which is renamed the Family Access to Medical Insurance Security Plan, effective upon approval by the Health Care Financing Administration, pursuant to Title 32.1, Chapter 13, Code of Virginia.