Texas § GV.2177.006 - BUSINESS PLAN

§ GV.2177.006. BUSINESS PLAN

BUSINESS PLAN. Not later than June 1 of each even-numbered year, the board shall prepare and submit to the governor, the legislature, and the Legislative Budget Board a business plan on: (1) implementing the initiative, including the initiative's organizational structure and related programs; (2) establishing procedures and policies for the administration of the initiative, including documenting the process and resources required for the provision to individuals described by Section 2177.002 of the following services: (A) establishing or contracting for statewide pharmacy benefit manager services; (B) establishing policies and conditions to operate or contract for the operation of a distribution network, central service center, and associated network of satellite distribution facilities to distribute prescription drugs and related medical supplies; and (C) providing advanced pharmaceutical preparation and related services, including: (i) manufacturing generic drugs and generic biological products; (ii) providing gene therapies and precision medicine; and (iii) providing advanced laboratories for quality control, preparation, and compounding of drugs in support of innovative therapeutics and drug research; (3) establishing procedures to document compliance by board members and personnel with applicable laws governing conflicts of interest; (4) establishing the conditions for state agencies that facilitate health plans to participate in the initiative; (5) identifying potential cost savings from implementation of the initiative; (6) identifying the funding and resources needed to implement this chapter; (7) providing recommendations on best practices and cost savings related to the provision of pharmacy benefits using program utilization; and (8) providing other board recommendations, with supporting documentation, on continuation of the initiative. Added by Acts 2023, 88th Leg., R.S., Ch. 891 (H.B. 4990 ), Sec. 1, eff. June 13, 2023. Amended by: Acts 2025, 89th Leg., R.S., Ch. 1109 (H.B. 4638 ), Sec. 3, eff. September 1, 2025.