Oklahoma § 63-5020A - Rate Preservation Fund

§ 63-5020A. Rate Preservation Fund

A. There is hereby created in the State Treasury a fund for the

Oklahoma Health Care Authority to be designated the "Rate

Preservation Fund". The fund shall be a continuing fund, not

subject to fiscal year limitations, and shall consist of monies

designated to the fund by law. All monies accruing to the credit of

the fund are hereby appropriated and may be budgeted and expended by

the Authority for the purposes described in subsection B of this

section. Expenditures from the fund shall be made upon warrants

issued by the State Treasurer against claims filed as prescribed by

law with the Director of the Office of Management and Enterprise

Services for approval and payment. The Administrator of the

Authority may request the Director of the Office of Management and

Enterprise Services to transfer monies between the Rate Preservation

Fund and any other fund of the Authority as needed for the

expenditure of funds.

B. The Oklahoma Health Care Authority is authorized to budget

and expend monies from the Rate Preservation Fund as follows:

1. For maintaining reimbursement rates to providers in the

event of a decrease in the state's Federal Medical Assistance

Percentage rate; and

2. Subject to the approval of the Director of the Office of

Management and Enterprise Services, the Oklahoma Health Care

Authority may transfer up to one-third (1/3) of the balance of the

Rate Preservation Fund in any given state fiscal year to other funds

of the Authority to meet cash flow needs of the state's Medicaid

program, so long as the monies are transferred back to the Rate

Preservation Fund prior to the end of the state fiscal year in which

they were originally transferred.

Added by Laws 2019, c. 447, § 1, emerg. eff. May 24, 2019. Amended

by Laws 2020, c. 13, § 1; Laws 2025, c. 468, § 1, emerg. eff. May

29, 2025.