INTERGOVERNMENTAL TRANSFER. 2.01 Local Government will transfer to the Department on a quarterly basis an amount equal to 50% of the total Interim Rates, as described in Article III, received by Provider from the Department and its agents for the prior quarter.
INTERGOVERNMENTAL TRANSFER. County shall annually make an intergovernmental transfer (IGT) of $50,000,000 for the benefit of the Hospital. The County shall transfer twenty five percent of the total annual IGT by September 15, December 15, March 15, and June 15 to the State and provide confirmation to a third party paying agent that the payment has been made. If the third party paying agent has not received confirmation that the required payment was made within 15 days of the date that the transfer was due, it shall send written inquiry to the County (“Inquiry Letter”). To assure that the IGT occurs, the County shall, for a six year period beginning 30 days before Hospital is scheduled to open, have in place Letter(s) of Credit, which at the outset shall be in the amount of $100,000,000. Such Letter(s) of Credit shall provide that, in the event that the County has not transferred to the State the full amount of any quarterly payment, the financial institution will, on behalf of the County, transfer to the State the amount of any unpaid IGT for the particular quarter. The paying agent will initiate this draw under the Letter(s) of Credit unless it receives written confirmation – within 15 days of issuing the Inquiry Letter – that the County has made the scheduled transfer in its entirety. During the fifth year after the hospital has opened, the parties shall meet and confer, in good faith, on whether the Letter(s) of Credit should be maintained for an additional period of time. Any such extension of the County's obligation to maintain Letter(s) of Credit shall be memorialized in a formal amendment to the Coordination Agreement.
INTERGOVERNMENTAL TRANSFER. 2.01 Provider will transfer on a periodic basis to the Department an amount equal to 50% of the total enhanced rates paid to Provider by the Department and all MCOs for the period.
INTERGOVERNMENTAL TRANSFER. Local Government will transfer to the Department on a quarterly basis an amount equal to 50% of the total Interim Rates, as described in Article III, received by Provider from the Department and its agents for the prior quarter. The Department will send a Quarterly Invoice to Local Government for the transfer of 50% of the supplemental payments described in Article III and transfer shall be made within 30 days after the receipt of the Quarterly Invoice by the Local Government. INTERIM RATES FOR SERVICES Calculation. The Interim Rate will be determined as follows: Department will calculate, using data from each Provider’s most recent timely filed approved cost report, Provider’s total costs for Covered Ambulance Services. Using data from the cost report and the Department’s data on Medicaid paid claims for covered ambulance services and provider’s charges for those services, the Department will calculate an interim rate for ALS and BLS services that covers the cost above the Base rate for those services.
