wa-law.org > bill > 2023-24 > HB 1408 > Substitute Bill

HB 1408 - HIV medication rebate rev.

Source

Section 1

The medication rebate revenue account is created in the custody of the state treasurer. The account shall consist of receipts from pharmaceutical rebates generated by the purchase of medications using federal funds for any person enrolled in the early intervention program, which provides HIV-related medication and insurance assistance. The department shall deposit any such receipts into the account. The expenditures may only be used for services defined in the grant award from the Ryan White HIV/AIDS program. Only the secretary or the secretary's designee may authorize expenditures from the account. An appropriation is not required for expenditures. The account is subject to allotment procedures under chapter 43.88 RCW.

Section 2

(1) Money in the treasurer's trust fund may be deposited, invested, and reinvested by the state treasurer in accordance with RCW 43.84.080 in the same manner and to the same extent as if the money were in the state treasury, and may be commingled with moneys in the state treasury for cash management and cash balance purposes.


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