(A) There is created the Medicaid Expansion Fund into which must be deposited funds:

1. (1) collected pursuant to Section 44-6-146;
2. (2) collected pursuant to Section 12-23-810; and

3. (3) appropriated pursuant to subsection (B).

   This fund must be separate and distinct from the general fund. These funds are supplementary and may not be used to replace general funds appropriated by the General Assembly or other funds used to support Medicaid. These funds and the programs specified in subsection (C) are exempt from any budgetary cuts, reductions, or eliminations caused by the lack of general fund revenues. Earnings on investments from this fund must remain part of the separate fund and must not be deposited in the general fund.

(C) Monies in the fund must be used to:

1. (1) provide Medicaid coverage to pregnant women and infants with family incomes above one hundred percent but below one hundred eighty-five percent of the federal poverty guidelines;
2. (2) provide Medicaid coverage to children aged one through six with family income below federal poverty guidelines;
3. (3) provide Medicaid coverage to aged and disabled persons with family income below federal poverty guidelines;
4. (4) [reserved];
5. (5) [reserved];
6. (6) [reserved];
7. (7) provide up to two hundred forty thousand dollars to reimburse the Office of Research and Statistics of the State Budget and Control Board and hospitals for the cost of collecting and reporting data pursuant to Section 44-6-170;
8. (8) [reserved].