Researcher: JS Page 1 3/30/22 OLR Bill Analysis sSB 342 AN ACT CONCERNING FEDERAL REIMBURSEMENTS FOR CERTAIN PHARMACEUTICAL PURCHASES. SUMMARY Under this bill, federal reimbursements to the state for certain prescription drug purchases must be deposited into the Department of Veterans Affairs’ Institutional General Welfare account (IGW) if the drugs were purchased using IGW funds. The bill’s requirements apply to reimbursements for pharmaceutical and prescription drug purchases made under an agreement between the department and the U.S. Department of Veterans Affairs Connecticut Healthcare System. Currently, in practice, reimbursements under this agreement are deposited into the General Fund. By law, the IGW funds must be used for departmental expenditures that directly benefit veterans, the Veterans Residential Services facility, or the Healthcare Center (CGS § 27-106). EFFECTIVE DATE: July 1, 2022 COMMITTEE ACTION Veterans' Affairs Committee Joint Favorable Yea 16 Nay 0 (03/15/2022)