1. (a) For:

   1. (1) the state fiscal year beginning July 1, 2016, through the state fiscal year beginning July 1, 2019, fees totaling eleven million five hundred thousand dollars ($11,500,000) from incremental fees collected under IC 16-21-10-13.3 shall be deposited annually into the phase out trust fund established under section 7 of this chapter; and

   2. (2) the state fiscal years beginning July 1, 2020, and thereafter, the hospital assessment fee committee ( IC 16-21-10 ), after consulting with the office and the Indiana Hospital Association, shall determine the amount of fees to be deposited into the phase out trust fund for the state fiscal year to augment the balance of the trust fund at a projected amount, subject to amounts that would be available under IC 12-15-44.2-17 and funds previously deposited into the phase out trust fund under this subsection that are necessary to cover the state share of the expenses described in IC 16-21-10-13.3 (b)(1)(A) through IC 16-21-10-13.3 (b)(1)(F) for a twelve (12) month period.

      The phase out funds shall be deposited into the phase out trust fund established in section 7 of this chapter from the incremental fee collected under IC 16-21-10-13.3 .

2. (b) If the plan is to be terminated for any reason, the office shall:

   1. (1) if required, provide notice of termination of the plan to the United States Department of Health and Human Services and begin the process of phasing out the plan; or

   2. (2) if notice and a phase out plan is not required under federal law, notify the hospital assessment fee committee ( IC 16-21-10 ) of the office's intent to terminate the plan and the plan shall be phased out under a procedure approved by the hospital assessment fee committee.

      The office may not submit any phase out plan to the United States Department of Health and Human Services or accept any phase out plan proposed by the Department of Health and Human Services without the prior approval of the hospital assessment fee committee.

3. (c) Before submitting:

   1. (1) an extension of; or

   2. (2) a material amendment to;

      the plan to the United States Department of Health and Human Services, the office shall inform the Indiana Hospital Association of the extension or material amendment to the plan.

As added by P.L.213-2015, SEC.136.