Welfare and Medicaid Fiscal Assistance Program Act of 1981
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Welfare and Medicaid Fiscal Assistance Program Act of 1981 - Amends Title IV (Aid to Families with Dependent Children) (AFDC) and Title XIX (Medicaid) of the Social Security Act to increase the Federal medical assistance percentage payable to a State with a medical assistance plan approved by the Secretary of Health and Human Services. Directs a State to pay, on a pro rata basis, any Federal funds received in excess of the old Federal medical assistance percentage to any political subdivision of such State which contributed under the State medical assistance plan for such quarter. Limits such payment to 100 percent of such political subdivision's contribution.
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