1. A terminal liability health insurance fund is created in the state treasury under the control of the department of personnel. The proceeds of the terminal liability health insurance fund shall be used by the department of personnel to pay the state's share of the terminal liability of the existing health insurance contract administered by the department of personnel. The moneys appropriated to the terminal liability health insurance fund plus any additional moneys appropriated or collected pursuant to 2001 Acts, chapter 190, or other Acts of the general assembly shall constitute the total amount due to pay the terminal liability specified in this section.
2. The proceeds of the terminal liability health insurance fund shall also be used by the department of revenue and finance to reimburse state agencies for expenditures related to the payment of the health insurance plans surcharge for the terminal liability of the health insurance contract for state employees. The department of revenue and finance shall provide guidelines and forms for documentation that a state agency shall submit for the health insurance reimbursement.
3. Notwithstanding section 8.33, any unencumbered or unobligated balance remaining in the terminal liability health insurance fund at the close of a fiscal year shall not revert.
2001 Acts, ch 190, §20
Referred to in § 455G.3
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