1. A special fund is created in the office of the treasurer of state, separate and apart from all other public moneys or funds of this state, to be known as the Iowa state health insurance administration fund, hereafter referred to as the fund. The fund shall consist of all moneys deposited in the fund from proceeds of a monthly per contract administrative charge assessed by the department of personnel and collected by the department of revenue and finance. Moneys deposited in the fund shall be expended by the department of personnel for health insurance program administration costs.
2. A monthly per contract administrative charge shall be assessed by the department of personnel on all health insurance plans administered by the department in which the contract holder has a state employer to pay the charge. The amount of the administrative charge shall be established by the general assembly. The department of revenue and finance shall collect the administrative charge from each department utilizing the centralized payroll system and shall deposit the proceeds in the fund. In addition, the state board of regents, all library service areas, the state fair board, the state department of transportation, and each judicial district department of correctional services shall remit the administrative charge on a monthly basis to the department of revenue and finance and shall submit a report to the department of revenue and finance containing the number and type of health insurance contracts held by each of its employees whose health insurance is administered by the department of personnel.
3. The expenditure of moneys from the fund in any fiscal year shall not exceed the amount of the monthly charge established by the general assembly multiplied by the number of health insurance contracts in effect at the beginning of the same fiscal year in which the expenditures shall be made. Any unencumbered or unobligated moneys in the fund at the end of the fiscal year shall not revert but shall be transferred to the health insurance premium reserve fund established pursuant to section 509A.5.
4. This section is repealed July 1, 2007.
2002 Acts, ch 1033, §1
Monthly per contract administrative charge for fiscal year beginning July 1, 2002; 2002 Acts, ch 1033, §2
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