RELATES TO: KRS 216B.015, 216B.130, 216B.455, 216B.990(2)
STATUTORY AUTHORITY: KRS 194A.050(1), 216B.040(3)(a), 216B.130
NECESSITY, FUNCTION, AND CONFORMITY: KRS 216B.040(3)(a) authorizes the Cabinet for Health and Family Services to promulgate administrative regulations. KRS 216B.130 requires the cabinet to promulgate an administrative regulation to annually adjust expenditure minimums provided in KRS Chapter 216B. This administrative regulation provides for the adjustment of expenditure minimums for capital expenditures and major medical equipment.
Section 1. (1) The U.S. Department of Commerce, Bureau of Economic Analysis Price Indexes for Private Fixed Investment by Type shall be used in making annual adjustments to the expenditure minimums required by KRS 216B.130.
(2) The change in the price index for the twelve (12) month period ending December 31, 2011, represents a 3.87 percent increase.
Section 2. (1) The capital expenditure minimum established in KRS 216B.015(8) shall be $2,750,634.
(2) The major medical equipment minimum established in KRS 216B.015(17) shall be $2,750,634. (37 Ky.R. 2762; 38 Ky.R. 21; 8-5-2011; 38 Ky.R. 21; 696; 922; eff. 11-16-2011; 39 Ky.R. 856; eff. 12-11-2012.)