Joint Budget Committee. Currently, the department of public health and environment and the department of health care policy and financing may not expend money from the nursing home penalty cash fund for grants benefitting residents of nursing facilities by fostering innovation and improving quality of life and care at the facilities (grants) if the expenditures would cause the fund balance to fall below $1 million. The bill repeals this reserve and instead requires the medical services board to establish a minimum reserve that will have the same limit on expenditures for grants. The annual cap on expenditures for grants, which is $250,000 or possibly a lesser amount depending on whether the fund balance exceeds $2 million, is also repealed.
The sunset review of the use of grants and the related nursing home innovations grant board is also repealed.
(Note: This summary applies to this bill as introduced.)