(a) (1) For State fiscal year 2015 and for each State fiscal year thereafter, from the funds received from the distribution of the premium tax under § 6–103.2 of this article, the Governor shall provide an appropriation in the State budget adequate to fully fund the operations of the Exchange.
(2) (i) For State fiscal year 2015, the appropriation shall be no less than $10,000,000.
(ii) For State fiscal year 2021, the appropriation shall be $31,500,000.
(iii) For State fiscal year 2022 and each fiscal year thereafter, the appropriation shall be $32,000,000.
(b) Funds allocated from the premium tax under subsection (a) of this section to provide the appropriation to the Exchange may be used only for the purpose of funding the operation and administration of the Exchange.
(c) If, in any State fiscal year, the amount of the allocation from the premium tax is insufficient to meet the actual expenditures incurred for the operation and administration of the Exchange, the Governor may provide an additional appropriation by deficiency appropriation.
(d) Notwithstanding § 7–304 of the State Finance and Procurement Article, funds allocated to the Exchange under this section that remain unspent at the end of a fiscal year shall revert to the General Fund of the State.
Structure Maryland Statutes
Title 31 - Maryland Health Benefit Exchange
Subtitle 1 - Maryland Health Benefit Exchange
Section 31-102 - Maryland Health Benefit Exchange Established
Section 31-103 - Applicable Statutory Provisions; Exceptions
Section 31-104 - Board of Trustees
Section 31-105 - Executive Director
Section 31-106 - Powers of Board
Section 31-107 - Maryland Health Benefit Exchange Fund
Section 31-107.1 - Trust Account
Section 31-107.2 - Budget Appropriations
Section 31-108 - Functions and Operations of Exchange
Section 31-109 - Interstate Agreements and Memoranda of Understanding
Section 31-110 - Prerequisites to Making Qualified Plans Available
Section 31-111 - Shop Exchange
Section 31-112 - Shop Exchange Navigator Program
Section 31-113 - Navigator Program for Individual Exchange
Section 31-113.1 - Consolidated Services Center
Section 31-114 - Specific Financial Support for Services Not Required
Section 31-115 - Certification of Health Benefit, Dental, Vision Plans, and Stand-Alone Dental Plans
Section 31-117 - State Reinsurance Program
Section 31-117.1 - Submission of Application; Waivers
Section 31-118 - Funding for Operations of Exchange
Section 31-119 - Administration of Exchange