Community Reinvestment. Create a Community Justice Reinvestment Fund and provide that money saved from a reduction in incarceration resulting from this proposal would be placed into the Fund to pay for community programs aimed at prevention and treatment of chemical addiction, including the funding of drug courts.
Community Reinvestment. If DELEGATE is a Fully Delegated Subcontractor or Downstream Fully Delegated Subcontractor, DELEGATE shall demonstrate a commitment to the local communities in which it operates through community reinvestment activities, including contributing a set percentage of DELEGATE’S annual net income that is attributable to Members covered under this Agreement to community reinvestment, in accordance with the Health Plan’s Community Reinvestment Plan and Report. The percentage of the DELEGATE’S annual net income required to be contributed shall be:
Community Reinvestment. The Contractor shall:
Community Reinvestment. Each of the Bank and the Bank Subsidiary has received a CRA rating of at least “satisfactory” from the Office of Thrift Supervision in its most recently completed examination. The Bank has provided Purchaser with copies of the Bank’s current CRA statement and its current CRA map, and all written comments received by the Bank since the Acquisition Date pertaining to CRA and all written responses by the Bank to such letters or comments.
Community Reinvestment. If DELEGATE is a Fully Delegated Subcontractor or Downstream Fully Delegated Subcontractor, DELEGATE shall demonstrate a commitment to the local communities in which it operates through community reinvestment activities, including contributing a set percentage of DELEGATE’S annual net income that is attributable to Members covered under this Agreement to community reinvestment, in accordance with the Health Plan’s Community Reinvestment Plan and Report. The percentage of the DELEGATE’S annual net income required to be contributed shall be: Five (5%) percent of the portion of the DELEGATE’s annual net income that is less than or equal to seven and a half (7.5%) percent of the amount the DELEGATE is paid under its Agreement with Health Plan for the year, and Seven and a half (7.5%) percent of the portion of the DELEGATE’s annual net income that is greater than seven and a half (7.5%) percent of the amount the DELEGATE is paid under its Agreement with Health Plan for the year. Responsibilities of Health Plan. Health Plan retains authority and oversight for all Delegated Activities and full and final authority and responsibility for the administration of its health care benefit plans and the operation thereof. In addition to Health Plan’s responsibilities as described in Attachment A Health Plan shall perform, and DELEGATE agrees to permit Health Plan to perform, the below activities.
Community Reinvestment. The CONTRACTOR shall demonstrate a commitment to improving the State of New Mexico’s Medicaid program by contributing five-percent (5.0%) of its (up to) three-percent (3.0%) of after-tax underwriting gain to community reinvestments as describe in Section 7.2.1 of this Agreement. The CONTRACTOR shall submit a community reinvestment plan to HSD on an annual basis for review and written approval. The community reinvestment plan shall detail the CONTRACTOR’s community reinvestment strategies, activities, and the anticipated time frame for demonstrable impact. Following the CONTRACTOR’s initial submission, future community reinvestment plans shall describe and quantify the impact of the prior year’s community reinvestment plan. The CONTRACTOR’s community reinvestment strategies must include the CONTRACTOR’s efforts to collaborate with other MCOs to attain collective impact on the area(s) of focus identified by HSD. The CONTRACTOR’s community reinvestment funding shall be prioritized and focused on investing in efforts to develop, expand, and retain in-state behavioral health residential providers to reduce the unnecessary utilization of inpatient, emergency room, and out-of-state services. Community reinvestment funding in excess of what can reasonably be expended to develop, expand, and retain behavioral health residential providers may be used to support Population Health, health equity, and SDOH, subject to HSD’s approval. HSD may change the community reinvestment areas of focus in subsequent years based upon HSD’s and the CONTRACTOR’s assessment of community needs and the opportunity for maximum impact. The CONTRACTOR shall not use community reinvestment funding to pay for Covered Services, Value Added Services, or CONTRACTOR administrative expenses. Terms and Conditions Limitation of Cost In no event shall Capitation Payments or other payments provided for in this Agreement exceed upper payment limits set forth in 42 C.F.R. § 447.362. In no event shall HSD pay twice for the provision of services. Underwriting Gain Limitation and Medical Loss Ratio The CONTRACTOR is permitted to retain ninety-five percent (95%) of any underwriting gain generated under this Agreement up to three-percent (3.0%) of net capitation revenue generated annually as defined in Section 7.2.2 of this Agreement. Five-percent (5.0%) of the up to three percent (3.0%) underwriting gain shall be used for community reinvestment as stated in Section 6.10 of this Agreement. The CONTRACTOR shal...
