IC 27-1-50.3-9: Managed care assessment fee holding fund

Sec. 9. (a) The managed care assessment fee holding fund is established for the purpose of holding the fees collected under this chapter.

(b) The office shall administer the fund.

(c) Money in the fund consists of the following:

(1) Fees collected under this chapter, including penalty payments under section 11 of this chapter.

(2) Donations, gifts, appropriations by the general assembly, and money received from any other source.

(3) Interest accrued under this section.

(d) Money remaining in the fund at the end of a state fiscal year reverts to the state general fund.

(e) The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public funds may be invested. Interest that accrues from these investments shall be deposited in the fund.