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Health Information Technology and Build America Bonds Trust Funds

SECTION 13.   Chapter 10 of the General Laws is hereby amended by inserting after section 35OO the following 2 sections:-
Section 35PP. There shall be established and set up on the books of the commonwealth a separate fund to be known as the Health Information Technology Trust Fund, in this section called the fund. There shall be credited to the fund revenues from federal reimbursements under the Health Information Technology for Economic and Clinical Health Act and any other federal reimbursements, grants, premiums, gifts or other contributions from any source received for or in the support of the health care provider incentive payment program and for the promotion of electronic health record adoption and health information exchange in the commonwealth. The secretary of health and human services shall be the fund's trustee, and shall expend the fund without further appropriation for incentive payments to eligible Massachusetts Medicaid health care providers for the adoption, implementation, upgrade or meaningful use of certified electronic health record technology, and to support the planning, implementation and operating costs of administering these payments. The secretary may certify for payment amounts in anticipation of federal revenues collected for the corresponding quarter during the previous fiscal year. For the purpose of accommodating timing discrepancies between the receipt of revenues and related expenditures, the secretary may incur expenses, after written approval from the secretary of administration and finance, and the comptroller shall certify for payment, amounts not to exceed the recent revenue estimate as certified by the MassHealth director, as reported in the state accounting system.

Section 35QQ. There shall be established and set up on the books of the commonwealth a separate fund to be known as the Build America Bonds Subsidy Trust Fund, in this section called the fund. There shall be credited to the fund payments received from the United States Treasury for subsidies related to tax credit bonds issued by the commonwealth under the Build America Bonds program. The state treasurer shall be the fund's trustee, and shall expend from the fund without further appropriation for the purpose of paying debt service related to the Build America Bonds. The comptroller may, without further appropriation, transfer from any available appropriation any amount determined by the comptroller to have been withheld by the federal government from a Build America Bond subsidy payment.
 
 

Summary:
This section sets up a trust fund to allow the Secretary of Health and Human Services to expend federal health technology reimbursements.