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(305 ILCS 5/5-31)
Medicaid Research and Education Support Fund.
(a) There is created in the State treasury the Medicaid Research and Education Support Fund. Interest earned by the Fund shall be credited to the Fund. The Fund shall not be used to replace any moneys appropriated to the Medicaid program by the General Assembly.
(b) The Fund is created for the purpose of receiving moneys, donations, and grants from private and public colleges and universities and disbursing moneys only for the following purposes, notwithstanding any other provision of law, for making payments to hospitals as required under Section 5-32 of this Code and any amounts which are reimbursable to the federal government for payments from this Fund which are required to be paid by State warrant.
Disbursements from the Fund shall be by warrants drawn by the State Comptroller upon receipt of vouchers duly executed and certified by the Illinois Department.
(c) The Fund shall consist of the following:
(1) All moneys collected or received by the Illinois
Department from donations and grants from private and public colleges and universities.
(2) All federal matching funds received by the
Illinois Department as a result of expenditures made by the Illinois Department that are attributable to moneys deposited in the Fund.
(3) Any interest or penalty levied in conjunction
with the administration of this Section.
(4) Moneys transferred from another fund in the State
(5) All other moneys received for the Fund from any
other source, including interest earned thereon.
(d) Interfund transfers from the Medicaid Research and Education Support Fund are prohibited.
(Source: P.A. 98-104, eff. 7-22-13.)