§ 991.1403b. Insurance restructuring restricted receipt account
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. InsuranceEffective: July 9, 2008
Effective: July 9, 2008
40 P.S. § 991.1403b
§ 991.1403b. Insurance restructuring restricted receipt account
(b) All net economic benefits, including proceeds, savings, funds or moneys derived from and any agreement related to or from the merger, consolidation or other acquisition of control of a hospital plan corporation or professional health services plan corporation which are to be paid to the Commonwealth or a Commonwealth program shall be deposited into the account for purposes as determined by the General Assembly.
(c) No contract or written agreement between a hospital plan corporation or professional health services plan corporation and the Commonwealth or any other entity relating to the disbursement or spending of money in the account may be entered into until moneys that may exist or are to be derived from any contract or written agreement for deposit into the account are appropriated by the General Assembly.
Credits
1921, May 17, P.L. 682, No. 284, art. XIV, § 1403.2, added 2008, July 9, P.L. 885, No. 62, § 7, imd. effective.
40 P.S. § 991.1403b, PA ST 40 P.S. § 991.1403b
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document |