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Senate Bill S7477

Signed By Governor

2023-2024 Legislative Session

Extends provisions of the public health law related to the redeployment of excess reserves of certain not-for-profit managed care organizations

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Archive: Last Bill Status Via A7393 - Signed by Governor

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2023-S7477 (ACTIVE) - Details

See Assembly Version of this Bill:
A7393
Law Section:
Public Health
Laws Affected:
Amd Part FFF Subpart B §2, Chap 59 of 2018

2023-S7477 (ACTIVE) - Summary

Extends provisions of the public health law related to the redeployment of excess reserves of certain not-for-profit managed care organizations until 2025.

2023-S7477 (ACTIVE) - Sponsor Memo

2023-S7477 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7477
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                               May 30, 2023
                                ___________
 
 Introduced  by  Sen.  RIVERA -- read twice and ordered printed, and when
   printed to be committed to the Committee on Health
 
 AN ACT to amend part FFF of chapter 59 of the laws of 2018, amending the
   public health law relating to authorizing the commissioner  of  health
   to  redeploy  excess  reserves  of certain not-for-profit managed care
   organizations, in relation to the effectiveness thereof
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section  2  of subpart B of part FFF of chapter 59 of the
 laws of 2018, amending the public health law relating to authorizing the
 commissioner of health to redeploy excess reserves of  certain  not-for-
 profit managed care organizations, is amended to read as follows:
   § 2. This act shall take effect August 1, 2018 and shall expire and be
 deemed repealed August 1, [2023] 2025, but, shall not apply to any enti-
 ty or any subsidiary or affiliate of such entity that disposes of all or
 a material portion of its assets pursuant to a transaction that: (1) was
 the  subject  of  a  request  for  regulatory approval first made to the
 commissioner of health between January 1, 2017, and December  31,  2017;
 and  (2)  receives  regulatory  approval from the commissioner of health
 prior to July 31, 2018.
   § 2. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11461-01-3

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