Missouri SB 723: Establishes the "Medicaid Stabilization Fund"

Bill Text

SECOND REGULAR SESSION
SENATE BILL NO. 723
101ST GENERAL ASSEMBLY
INTRODUCED BY SENATOR HEGEMAN.
4262S.01I ADRIANE D. CROUSE, Secretary
AN ACT
To amend chapter 208, RSMo, by adding thereto one new section relating to the Medicaid
stabilization fund.

Be it enacted by the General Assembly of the State of Missouri, as follows:
Section A. Chapter 208, RSMo, is amended by adding thereto 1
one new section, to be known as section 208.1000, to read as 2
follows:3
208.1000. (1) There is hereby created in the state 1
treasury the "Medicaid Stabilization Fund", which shall 2
consist of moneys received in the state treasury due to the 3
American Rescue Plan Act of 2021, P.L. 117-2, Section 9814, 4
as enacted by the 117th United States Congress, and any 5
other appropriations made by the general assembly. The 6
state treasurer shall be custodian of the fund. In 7
accordance with sections 30.170 and 30.180, the state 8
treasurer may approve disbursements. The fund shall be a 9
dedicated fund and money in the fund shall be used solely by 10
the department of social services for the purposes of the MO 11
HealthNet program. 12
(2) Notwithstanding the provisions of section 33.080 13
to the contrary, any moneys remaining in the fund at the end 14
of the biennium shall not revert to the credit of the 15
general revenue fund. 16
(3) The state treasurer shall invest moneys in the 17
fund in the same manner as other funds are invested. Any 18

SB 723 2
interest and moneys earned on such investments shall be 19
credited to the fund. 20
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