(1) resident day shall be deemed to exist when admission and discharge occur on the same day; (ix) payment limit" means the limitation established pursuant to 42 C.F.R. 447.272 that disallows federal matching funds when state Medicaid agencies pay certain classes of nursing care facilities an aggregate amount for services furnished by that class of nursing care facilities that would exceed the amount that would be paid under Medicare payment principles. 428103. Nursing care facility assessment account. (a) The nursing care facility assessment account is created. (b) The treasurer shall invest amounts deposited within the account in accordance with law, and all investment earnings shall be credited back to the account. (c) The account consist of: (i) Amounts collected or received by the department from nursing care facility assessments under this article; (ii) All federal matching funds received by the department as a result of expenditures made by the department attributable to the account; (iii) Any interest or penalties levied in conjunction with the administration of this article. (d) The account is created for the purpose of receiving funds as specified in this section. Collected assessment funds shall be used to secure federal matching funds available through the state Medicaid plan, which shall be used to make Medicaid payments for nursing care facility services which exceed the amount of nursing care facility Medicaid rates, in the aggregate, as calculated in accordance with the approved state Medicaid plan in effect on October 1, 2010. The fund shall be used exclusively for the following purposes: (i) To pay administrative expenses incurred by the department or its in performing the activities authorized by this article, provided that such expenses shall not exceed a total of one percent (1%) of the aggregate assessment funds collected in the fiscal year;
(1) resident day shall be deemed to exist when admission and discharge occur on the same day; (ix) payment limit" means the limitation established pursuant to 42 C.F.R. 447.272 that disallows federal matching funds when state Medicaid agencies pay certain classes of nursing care facilities an aggregate amount for services furnished by that class of nursing care facilities that would exceed the amount that would be paid under Medicare payment principles. 428103. Nursing care facility assessment account. (a) The nursing care facility assessment account is created. (b) The treasurer shall invest amounts deposited within the account in accordance with law, and all investment earnings shall be credited back to the account. (c) The account consist of: (i) Amounts collected or received by the department from nursing care facility assessments under this article; (ii) All federal matching funds received by the department as a result of expenditures made by the department attributable to the account; (iii) Any interest or penalties levied in conjunction with the administration of this article. (d) The account is created for the purpose of receiving funds as specified in this section. Collected assessment funds shall be used to secure federal matching funds available through the state Medicaid plan, which shall be used to make Medicaid payments for nursing care facility services which exceed the amount of nursing care facility Medicaid rates, in the aggregate, as calculated in accordance with the approved state Medicaid plan in effect on October 1, 2010. The fund shall be used exclusively for the following purposes: (i) To pay administrative expenses incurred by the department or its in performing the activities authorized by this article, provided that such expenses shall not exceed a total of one percent (1%) of the aggregate assessment funds collected in the fiscal year;