249A.33 - PHARMACEUTICAL SETTLEMENT ACCOUNT -- MEDICAL ASSISTANCE PROGRAM.
249A.33 PHARMACEUTICAL SETTLEMENT ACCOUNT -- MEDICAL
ASSISTANCE PROGRAM.
1. A pharmaceutical settlement account is created in the state
treasury under the authority of the department of human services.
Moneys received from settlements relating to provision of
pharmaceuticals under the medical assistance program shall be
deposited in the account.
2. Moneys in the account shall be used only as provided in
appropriations from the account to the department for the purpose of
technology upgrades under the medical assistance program.
3. The account shall be separate from the general fund of the
state and shall not be considered part of the general fund of the
state. The moneys in the account shall not be considered revenue of
the state, but rather shall be funds of the account. The moneys in
the account are not subject to reversion to the general fund of the
state under section 8.33 and shall not be transferred, used,
obligated, appropriated, or otherwise encumbered, except to provide
for the purposes of this section. Notwithstanding section 12C.7,
subsection 2, interest or earnings on moneys deposited in the account
shall be credited to the account.
4. The treasurer of state shall provide a quarterly report of
account activities and balances to the director. Section History: Recent Form
2003 Acts, ch 178, §55 Footnotes
Transfer of funds appropriated for 2007-2008 fiscal year, to be
used for the center for congenital and inherited disorders; see 2008
Acts, ch 1187, §89, 97