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2002 Session

Budget Bill - HB30 (Introduced)

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Department of Medical Assistance Services

Item 324

Item 324

First Year - FY2003Second Year - FY2004
Family Access to Medical Insurance Security Plan (44600)$63,310,011$66,019,086
Family Access to Medical Insurance Security Plan Payments (44602)FY2003 $56,842,180FY2004 $59,551,255
Family Access to Medical Insurance Security Plan Administration (44603)FY2003 $6,467,831FY2004 $6,467,831
Fund Sources:  
GeneralFY2003 $13,240,051FY2004 $14,984,052
Dedicated Special RevenueFY2003 $10,900,128FY2004 $7,262,525
Federal TrustFY2003 $39,169,832FY2004 $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 Family Access to Medical Insurance Security Plan Trust Fund as established on the books of the Comptroller.


B. As a condition of this appropriation, revenues from the Family Access to Medical Insurance Security Plan Trust Fund, shall be used to match federal funds for the State Children's Health Insurance Program.