32 V.S.A. § 308b — Human Services Caseload Reserve

(a) There is created within the General Fund a Human Services Caseload Reserve. Expenditures
from the Reserve shall be subject to an appropriation by the General Assembly or approval
by the Emergency Board. Expenditures from the Reserve shall be limited to Agency of
Human Services caseload-related needs primarily in the Departments for Children and
Families, of Health, of Mental Health, of Disabilities, Aging, and Independent Living,
of Vermont Health Access, and settlement costs associated with managing the Global
Commitment waiver.
(b) The Secretary of Administration may transfer to the Human Services Caseload Reserve
any General Fund carryforward directly attributable to Agency of Human Services caseload
reductions and the effective management of related federal receipts, with the exclusion
of the Department of Corrections.
(c) The Human Services Caseload Reserve shall contain two subaccounts:
(1) A subaccount for incurred but not reported Medicaid expenses. Each fiscal year, the
Department of Finance and Management shall adjust the amount reserved for incurred
but not reported Medicaid expenses to equal the amount specified in the Annual Comprehensive
Financial Report (ACFR) for the fiscal year occurring two years prior for the estimated
amount of incurred but not reported Medicaid expenses associated with the current
Medicaid Global Commitment waiver.
(2) A subaccount for Medicaid-related pressures related to caseload, utilization, changes
in federal participation in existing human services programs, and settlement costs
associated with managing the Global Commitment waiver. Any decrease in the amount
of required reserves in subdivision (1) of this subsection shall first be reserved
in the 27/53 Reserve under section 308e of this title in order to fund the current fiscal year obligation for the next year in which a
53rd week of Medicaid payments is due, next scheduled to occur in fiscal year 2022.
The remainder shall result in an offsetting increase in the account for Medicaid-related
pressures, as defined in this subdivision (2) . Any increase in the amount of required
reserve in subdivision (1) of this subsection shall require a corresponding transfer
from the funds reserved in this subdivision (2), to the extent there are funds available. (