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42 U.S.C. § 1320c–8 — Authorization for use of certain funds to administer provisions of this part

submitted 91 years ago by Pub. L. 97-248 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 119 words · no verdicts yet

in plain englishAI-generated · not legal advice

Administrative expenses for specified contracts are paid from the Federal Hospital Insurance and Supplementary Medical Insurance Trust Funds. The Secretary must make fair-and-equitable transfers to correct payments from the wrong fund.

Expenses administering contracts described in section 1395y(g) are payable from: (1) the Federal Hospital Insurance Trust Fund; and (2) the Federal Supplementary Medical Insurance Trust Fund. The Secretary decides the amount from each fund that is fair and equitable after considering expenses attributable to administering this part for each program. The Secretary must transfer money between the funds as appropriate to settle accounts when one fund paid expenses properly chargeable to the other.
the actual law source: uscode.house.gov ↗public domain

Expenses incurred in the administration of the contracts described in section 1395y(g) of this title shall be payable from—

(1)

funds in the Federal Hospital Insurance Trust Fund; and

(2)

funds in the Federal Supplementary Medical Insurance Trust Fund,

in such amounts from each of such Trust Funds as the Secretary shall deem to be fair and equitable after taking into consideration the expenses attributable to the administration of this part with respect to each of such programs. The Secretary shall make such transfers of moneys between such Trust Funds as may be appropriate to settle accounts between them in cases where expenses properly payable from one such Trust Fund have been paid from the other such Trust Fund.

Source credit: (Aug. 14, 1935, ch. 531, title XI, § 1159, as added Pub. L. 97–248, title I, § 143, Sept. 3, 1982, 96 Stat. 390.)

history & why it existsrecord from the source credit
  • 1935Enacted · Pub. L. 97-248 · 96 Stat. 390

A history note hasn’t been published yet. The record shows enactment by Pub. L. 97-248 on 1935-08-14.

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