95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
SB0291


 
Introduced 2/7/2007, by Sen. Carole Pankau
 
SYNOPSIS AS INTRODUCED:
 		













30 ILCS 105/8.16d new










    Amends the State Finance Act.  Creates the Medicaid Fund Receipt Account within the General Revenue Fund. Provides that the receipt of all federal Medicaid reimbursement funds must be recorded as an entry in this account and that all such receipts must be expended solely for the purposes for which they were received and may not be expended or diverted for any other purpose.
















LRB095 05012 RCE 25080 b

















FISCAL NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











SB0291

LRB095 05012 RCE 25080 b






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    AN ACT concerning finance.

 
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    Be it enacted by the People of the State of Illinois,
 
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represented in the General Assembly:


 
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    Section 5. The State Finance Act is amended  by adding 
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Section 8.16d as follows:
 
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    (30 ILCS 105/8.16d  new)
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    Sec. 8.16d. Medicaid Fund Receipt Account. The Medicaid 
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Fund Receipt Account is created as an account within the 
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General Revenue Fund. The receipt of all federal Medicaid 
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reimbursement funds must be recorded as an entry in this 
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account. All such receipts must be expended solely for the 
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purposes for which they were received and may not be expended 
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or diverted for any other purpose.