(1) The medical flexible spending account is created in the custody of the state treasurer. All receipts from the following must be deposited in the account: (a) Revenues from employing agencies for costs associated with operating the program; and (b) unclaimed moneys at the end of the plan year after all timely submitted claims for that plan year have been processed. Expenditures from the account may be used only for administrative and other expenses related to operating the medical flexible spending account program. Only the administrator or the administrator's designee may authorize expenditures from the account. The account is subject to allotment procedures under chapter 43.88 RCW, but an appropriation is not required for expenditures.

     (2) Program claims reserves and money necessary for start-up costs transferred from the public employees' and retirees' insurance account established in RCW 41.05.120 may be deposited in the account. Moneys in excess of the amount necessary for administrative and operating expenses of the medical flexible spending account program may be transferred to the public employees' and retirees' insurance account.

     (3) The authority may periodically bill employing agencies for costs associated with operating the medical flexible spending account program.

[2005 c 143 § 2.]