Okla. Stat. tit. 36, § 36-7202

A. There is hereby created a mechanism of funding through

health carrier access payments, as defined in Section 7201 of this

title, in order to stabilize the state's Medicaid program.

B. There is hereby created in the State Treasury a revolving

fund for the Oklahoma Health Care Authority to be designated the

"Health Carrier Access Payment Revolving Fund". The revolving fund

shall be used to fund the state's Medicaid program and make full use

of any federal matching funds available to the state.

1. The revolving fund shall consist of all monies collected and

received by the Insurance Commissioner pursuant to Sections 7203 and

7204 of this title, which shall be deposited by the Insurance

Commissioner into the revolving fund, as well as interest

attributable to investment of money in the fund.

2. The revolving fund shall be a continuing fund, not subject

to fiscal year limitations. All monies accruing to the credit of

Oklahoma Statutes - Title 36. Insurance Page 1500

said fund are hereby appropriated and may be budgeted and expended

by the Oklahoma Health Care Authority. Expenditures from the

revolving fund shall be made pursuant to the laws of this state and

the statutes relating to the state's Medicaid program. Expenditures

from the revolving fund shall be made upon warrants issued by the

State Treasurer, based on claims filed as prescribed by law with the

Director of the Office of Management and Enterprise Services for

approval and payment.

C. All monies collected under Sections 7203 and 7204 of this

title shall be used and expended by the Oklahoma Health Care

Authority for the support of the state's Medicaid program and make

full use of any federal matching funds available to the state.

D. The Oklahoma Health Care Authority is hereby authorized to

transfer funds from the Health Carrier Access Payment Revolving Fund

to the 340 CMIA Programs Disbursing Fund administered by the

Oklahoma Health Care Authority for the purpose of carrying out the

provisions of this act.

E. No monies collected from health carriers as access payments

shall be expended for any wage or salary of any employee of any

state agency and shall not provide any general or administrative

funding for the state or any of its agencies, except for reasonable

expenses incurred by the Insurance Commissioner for the express

purpose of collecting the funds and by the Oklahoma Health Care

Authority for the express purposes and administration of the fund.