ID H0209

Creates a medicaid budget stabilization fund in the state treasury beginning in fiscal year 2021.

Transfers all remaining general fund moneys from the cooperative welfare fund (from medicaid division appropriations) to the stabilization fund at the end of each fiscal year.

State treasurer shall invest idle moneys in the fund, with interest earnings retained by the fund.

Moneys may only be used to cover general fund revenue shortfalls or unanticipated expenses for medicaid services and require legislative appropriation for expenditure.

Provisions expire and become null and void on July 1, 2025.