N.Y. State Finance Law § 97-oooo: Basic health program trust fund

* § 97-oooo. Basic health program trust fund. 1. There is hereby

established in the joint custody of the comptroller and the commissioner

of taxation and finance a fund, to be known as the "basic health program

trust fund".

2. Such fund shall consist of moneys transferred from the federal

government pursuant to 42 U.S.C. § 18051(d) for the purpose of reducing

the premiums and cost-sharing of, or providing benefits for, eligible

individuals enrolled in the basic health program, established pursuant

to section three hundred sixty-nine-gg of the social services law.

3. Upon federal approval, all monies in such fund shall be used to

implement and operate the basic health plan, pursuant to section three

hundred sixty-nine-gg of the social services law, except to the extent

that the provisions of such section conflict or are inconsistent with

federal law, in which case the provisions of such federal law shall

supersede such state law provisions.

* NB There are 2 § 97-oooo's