- (a) A trust fund is established outside the state treasury for the purposes of this chapter.
(b) The fund consists of:
- (1) gifts, grants, and donations received by this state for the purposes of the fund;
- (2) legislative appropriations of money for the purposes of this chapter;
- (3) federal money available to this state that by law may be used for the purposes of this chapter; and
- (4) interest, dividends, and other income of the fund.
- (c) The commission shall administer the fund as trustee for the benefit of the program established by this chapter.
- (d) Money in the fund may be used only to administer the program and provide program services.
- (e) The commission shall ensure money spent from the fund to assist enrollees in purchasing prescription drugs is cost neutral after collecting the prescription drug rebates under the program.
- (f) The commission may solicit and accept gifts, grants, and donations for the fund.
Added by Acts 2021, 87th Leg., R.S., Ch. 626 (H.B. 18), Sec. 2, eff. September 1, 2021.