C.R.S. § 25.5-4-217: Federal reimbursement for public expenditures - excess to general fund - notice to revisor of statutes - repeal.

(1) Notwithstanding any other provision of law, for the state fiscal year starting July 1, 2021, and any subsequent fiscal years, if a provider submits a certification of public expenditures pursuant to 42 CFR 433.51 (b), the state department shall retain any federal money payable as reimbursement for the expenditure in excess of fifty percent of the expenditure amount; except that the state department shall only retain the federal money based on the date of service as long as the increased reimbursements and payments made pursuant to the federal "Families First Coronavirus Response Act", Pub.L. 116-127, and the federal "Consolidated Appropriations Act, 2023", Pub.L. 117-328, are still available. The state treasurer shall transfer the money to the general fund created in section 24-75-201 for appropriation to the state medical assistance program.

(2) This section will be repealed if the reconciliation of all reimbursements and payments for services delivered during the period of increased reimbursement and payment described in subsection (1) of this section is completed. The executive director of the state department shall notify the revisor of statutes in writing of the date when the condition specified in this subsection (2) has occurred by emailing the notice to revisorofstatutes.ga@coleg.gov. This section is repealed, effective upon the date identified in the notice that the completion of the applicable reconciliations occurred or, if the notice does not specify that date, upon the date of the notice to the revisor of statutes.