Sec. 1. As used in this section, "conversion" means:
(1) the permanent closure of a Medicaid funded intermediate care facility for individuals with intellectual disabilities bed, including intermediate care facilities for individuals with intellectual disabilities licensed under IC 16-28-2, facilities licensed under IC 12-28-5 and certified under Title XIX of the Social Security Act (42 U.S.C. 1396 et seq.) as an intermediate care facility for individuals with intellectual disabilities, and state institutions; and
(2) the use of the state funds that paid the state share of Medicaid funding for the beds described in subdivision (1) to fund the expansion of the number of individuals receiving waiver services under an intermediate care facility for individuals with intellectual disabilities Medicaid waiver.