Sec. JJ-1. Deposit of Medicare drug subsidy payments. Notwithstanding any other provision of law, all retiree drug subsidy payments received by the State under the federal Medicare Prescription Drug, Improvement, and Modernization Act of 2003 must be deposited in the State's Accident, Sickness and Health Insurance Internal Service Fund.
Sec. JJ-2. Transfer to General Fund; Accident, Sickness and Health Insurance Internal Service Fund. Notwithstanding any other provision of law, the State Controller shall transfer $1,227,064 from the Accident, Sickness and Health Insurance Internal Service Fund to the unappropriated surplus of the General Fund no later than June 30, 2007.
Sec. JJ-3. Transfer to Highway Fund; Accident, Sickness and Health Insurance Internal Service Fund. Notwithstanding any other provision of law, the State Controller shall transfer $443,276 from the Accident, Sickness and Health Insurance Internal Service Fund to the unallocated surplus of the Highway Fund no later than June 30, 2007.
Sec. JJ-4. Other drug subsidy payment uses. Notwithstanding any other provision of law, the State Budget Officer shall calculate the amount of drug subsidy payments received under the federal Medicare Prescription Drug, Improvement, and Modernization Act of 2003 that applies against all funds other than the General Fund and the Highway Fund. Based on this calculation, the State Controller shall make the appropriate transfers from the Accident, Sickness and Health Insurance Internal Service Fund to the affected funds no later than June 30, 2007.
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