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This entry was published on 2022-03-04
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SECTION 99-OO
Pharmacy benefit manager regulatory fund
State Finance (STF) CHAPTER 56, ARTICLE 6
§ 99-oo. Pharmacy benefit manager regulatory fund. 1. There is hereby
established in the joint custody of the state comptroller and the
commissioner of taxation and finance a special fund to be known as the
"pharmacy benefit manager (PBM) regulatory fund".

2. Money allocated to the PBM regulatory fund shall be kept separate
and shall not be commingled with any other funds in the custody of the
state comptroller.

3. Such fund shall consist of money received by the state as fees
under article twenty-nine of the insurance law or penalties ordered
under article twenty-nine of the insurance law and all other monies
appropriated, credited, or transferred thereto from any other fund or
source pursuant to law. All monies shall remain in such fund unless and
until directed by statute or appropriation.