Report to joint budget committee - annual briefing

(1) Starting with the forecast issued in September of 2026, within two weeks after the legislative council staff releases the September, March, and June state revenue forecasts, the enterprise shall submit a written report to the joint budget committee of the general assembly regarding the status of the fund, including: (a) The amount of revenue generated through fees, from the issuance of revenue bonds pursuant to section 10-16-1213, and from any other sources; the amount of federal pass-through funding received pursuant to the state innovation waiver under section 10-16-1109 and section 1332 of the federal act, 42 U.S.C. sec. 18052; and any other money deposited in or transferred to the fund during the immediately preceding twelve months; and (b) The amount of revenue the enterprise anticipates generating or receiving from all sources in the next twelve months. (2) (a) No later than January 15, 2027, and no later than January 15 of each year thereafter, the enterprise shall provide an in-person briefing to the joint budget committee on the enterprise, its revenues from all sources, the programs it funds and the amount allocated to each program, and any other information requested by the joint budget committee. (b) As part of the briefing in January 2027, the enterprise shall also provide to the joint budget committee: (I) An analysis of the effects of changing the statewide average premium reduction in the reinsurance program to fifteen percent, including the effects of that change on: (A) Total savings for the enterprise; (B) Federal pass-through funding from the state innovation waiver under section 10-16-1109 and section 1332 of the federal act, 42 U.S.C. sec. 18052; (C) Premiums in the nine geographic rating areas in the state; and (D) Enrollment in the individual market; and (II) An analysis of the effects of creating a tiered structure, based on income levels, for premium assistance for individuals who purchase insurance on the exchange for the premium wrap, including the effects of that structure on: (A) Total savings for the enterprise; (B) Federal pass-through funding from the state innovation waiver under section 10-16-1109 and section 1332 of the federal act, 42 U.S.C. sec. 18052; (C) Premiums in the nine geographic rating areas in the state; and (D) Enrollment in the individual market. (3) Notwithstanding section 24-1-136 (11)(a), the requirement in this section to report to the joint budget committee continues indefinitely.