42-157.2-5. Adoption of methodology and annual affordability percentages.
(a)Subject to appropriation, the exchange shall adopt by…#
(a) Subject to appropriation, the exchange shall adopt by September 30, and may amend,
annual affordability percentages for each upcoming coverage year to implement this chapter.
(b)Methodology for determining annual affordability…#
(b) Methodology for determining annual affordability percentages shall be set forth in
regulations promulgated by the exchange, consistent with the purposes of this chapter. The
exchange shall utilize this methodology to develop the annual affordability percentages.
(c)Annual affordability percentages, and any amendments…#
(c) Annual affordability percentages, and any amendments thereto, shall be adopted by the
exchange after a duly noticed public meeting with advice from the exchange advisory board
established under § 42-157-7.
(1) The affordability percentages adopted for a coverage year shall be based on funds
appropriated for the fiscal year that includes the first six (6) months of that coverage year to the
program for that coverage year and consistent with the parameters specified in § 42-157.2-4.