173.86 Ohio's best Rx administration fund.

(A) The Ohio’s best Rx administration fund is hereby created in the state treasury. The director of budget and management shall transfer from the Ohio’s best Rx program fund to the Ohio’s best Rx administration fund amounts equal to the following:

(1) Amounts resulting from application of the program administration percentage, if a program administration percentage is determined by the department of aging in rules adopted under section 173.83 of the Revised Code;

(2) The amount of the administrative fees charged Ohio’s best Rx participants, if an administrative fee is determined by the department of aging in rules adopted under section 173.83 of the Revised Code;

(3) The amount of any donations credited to the Ohio’s best Rx program fund;

(4) The amount of investment earnings credited to the Ohio’s best Rx program fund.

The director of budget and management shall make the transfers in accordance with a schedule developed by the director and the department of aging.

(B) The department of aging shall use money in the Ohio’s best Rx administration fund to pay the administrative costs of the Ohio’s best Rx program, including, but not limited to, costs associated with contracted services, staff, outreach activities, computers and network services, and the Ohio’s best Rx program council. If the fund includes an amount that exceeds the amount necessary to pay the administrative costs of the program, the department may use the excess amount to pay the cost of subsidies provided to Ohio’s best Rx program participants under any subsidy program established pursuant to section 173.861 of the Revised Code.

Effective Date: 07-01-2007; 2007 HB119 09-29-2007