MT HB880

Establishes the Medicaid Stabilization Reserve Account in the state special revenue fund to provide state Medicaid matching funds during revenue shortfalls and mitigate budget reductions to the Medicaid program

Requires 50% of unspent state general fund Medicaid appropriations to transfer to the Medicaid Stabilization Reserve Account and 50% to the Budget Stabilization Reserve Fund; if the Budget Stabilization Reserve Fund is at its statutory limit, 100% goes to the Medicaid account

Caps the Medicaid Stabilization Reserve Account at 1.5% of general revenue appropriations in the second year of the biennium, with excess funds redirected to the capital developments long-range building program account

Appropriates $50,000 from the general fund to the Department of Public Health and Human Services for state Medicaid matching funds for the biennium beginning July 1, 2025

Transfers $6 million from the capital developments long-range building program account to the Medicaid Stabilization Reserve Account by June 30, 2025