Illinois General Assembly - Bill Status for HB5814

Amends the State Employees Group Insurance Act of 1971. Provides that interest penalties that may be payable under the Act, as provided under specified Sections of the Illinois Insurance Code, shall be paid from a separate appropriation from each fund for such purpose and for each appropriated agency. Amends the State Budget Law. Provides that for the fiscal year beginning July 1, 2018, and for each fiscal year thereafter, the budget shall include a separate line item request appropriating moneys to each State agency for estimated costs for each fund under the State Prompt Payment Act and specified Sections of the Illinois Insurance Code. Amends the State Finance Act. Provides that the sum of transfers among line item appropriations for an agency in a fiscal year shall not exceed 2% of the aggregate amount appropriated to it within the same treasury fund for, among other objects, late interest penalties under the State Prompt Payment Act and specified Sections of the Illinois Insurance Code. Provides that if lump sum appropriations are enacted with a separate line item for late interest penalties under the State Prompt Payment Act and the Illinois Insurance Code, the 2% transfer authority shall apply to the aggregate amount of these appropriations. Amends the State Prompt Payment Act to provide that interest penalties that may be payable under the Act and under specified Sections of the Illinois Insurance Code shall be paid from a separate appropriation from each fund for such purpose and for each appropriated agency. Effective immediately.

Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with changes. Removes a provision concerning payment for services and interest penalties under the State Employees Group Insurance Act of 1971. Provides that for the fiscal year beginning July 1, 2019 (rather than July 1, 2018), and for each fiscal year thereafter, the State budget shall include a separate line item request appropriating moneys to each State agency for specified costs. Removes a provision concerning the enactment of lump sum appropriations with a separate line item for late interest penalties. Amends the Governor's Office of Management and Budget Act. Provides that the annual economic and fiscal policy report must include: (1) an estimate of Late Interest Penalties under the State Prompt Payment Act for the upcoming fiscal year and projections of the same for each of the following 4 fiscal years; and (2) an estimate of interest penalties under Sections 368a and 370a of the Illinois Insurance Code for the upcoming fiscal year and projections of the same for each of the following 4 fiscal years. Further amends the State Prompt Payment Act. Provides that notwithstanding any provision to the contrary, interest may not be paid under the Act when: (1) a Chief Procurement Officer has voided the underlying contract for goods or services under the Illinois Procurement Code; or (2) the Auditor General is conducting a performance or program audit, and the Comptroller has held or is holding for review a related contract or vouchers for payment of goods or services in the exercise of duties under the State Comptroller Act. Removes a provision concerning interest penalties paid from separate appropriations. Makes conforming and other changes. Effective July 1, 2018.

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