§ 31A-30-303. Enterprise fund. (Effective 5/13/2014)

Latest version.

(1)	There is created an enterprise fund known as the Individual and Small Employer Risk Adjustment Enterprise Fund.

(2)

The following funds shall be credited to the fund:

(a)	appropriations from the General Fund;

(b)	fees established by the commissioner under Section 31A-30-302;

(c)	risk adjustment payments received from insurers participating in the risk adjustment program; and

(d)	all interest and dividends earned on the fund's assets.

(3)	All money received by the fund shall be deposited in compliance with Section 51-4-1 and shall be held by the state treasurer and invested in accordance with Title 51, Chapter 7, State Money Management Act.

(4)	The fund shall comply with the accounting policies, procedures, and reporting requirements established by the Division of Finance.

(5)	The fund shall comply with Title 63A, Utah Administrative Services Code.

(6)	The fund shall be used to implement and operate the risk adjustment program created by this part.

Enacted by Chapter 425, 2014 General Session

                    
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