093_SB0521eng

 
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 1        AN ACT concerning health and human services providers.

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

 4        Section  5.  The Illinois Health Facilities Authority Act
 5    is amended by changing Sections 2.06, 4.06,  and  11  and  by
 6    adding  Sections  17.1,  17.2,  17.3, 17.4, 17.5, 17.6, 17.7,
 7    17.8, 17.9, and 17.10 as follows:

 8        (20 ILCS 3705/2.06) (from Ch. 111 1/2, par. 1102.06)
 9        Sec. 2.06. Bonds. "Bonds" means  bonds,  notes  and  bond
10    anticipation notes and any other evidences of indebtedness of
11    the  Authority  issued  under  this  Act, including refunding
12    bonds and bonds issued under Section 17.3.
13    (Source: P.A. 85-1173.)

14        (20 ILCS 3705/4.06) (from Ch. 111 1/2, par. 1104.06)
15        Sec. 4.06.  Issuance of bonds.  To  issue  bonds  of  the
16    Authority  for  any  of  its  corporate  purposes and in such
17    amounts as it deems necessary and to fund or refund the  same
18    all as provided in this Act, and with respect to bonds issued
19    under  Section  17.3, subject to the requirements of Sections
20    17.1 through 17.10.
21    (Source: P.A. 77-2635.)

22        (20 ILCS 3705/11) (from Ch. 111 1/2, par. 1111)
23        Sec.  11.  Bonds;  liability  of  State   and   political
24    subdivisions.
25        (a)  Bonds  issued under the provisions of this Act shall
26    not be deemed to constitute a debt or liability of the  State
27    or  of  any  political  subdivision  thereof  other  than the
28    Authority or a pledge of the faith and credit of the State or
29    of any such political subdivision other than  the  Authority,
 
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 1    but  shall  be  payable solely from the funds herein provided
 2    therefor. The issuance of bonds under the provisions of  this
 3    Act  shall  not,  directly  or  indirectly  or  contingently,
 4    obligate  the  State  or any political subdivision thereof to
 5    levy  any  form  of  taxation  therefor  or   to   make   any
 6    appropriation  for  their  payment.  Nothing  in this Section
 7    contained shall  prevent  or  be  construed  to  prevent  the
 8    Authority from pledging its full faith and credit or the full
 9    faith  and  credit  of a health institution to the payment of
10    bonds authorized pursuant to this Act. Nothing  in  this  Act
11    shall  be  construed  to  authorize the Authority to create a
12    debt of the State within the meaning of the  Constitution  or
13    Statutes  of  Illinois  and all bonds issued by the Authority
14    pursuant to the provisions of this Act are payable and  shall
15    state that they are payable solely from the funds pledged for
16    their  payment  in accordance with the resolution authorizing
17    their issuance or in any trust indenture or mortgage or  deed
18    of  trust  executed as security therefor. The State shall not
19    in any event be liable for the payment of the principal of or
20    interest on any bonds of the Authority or for the performance
21    of any pledge, mortgage, obligation or agreement of any  kind
22    whatsoever  which  may  be  undertaken  by  the Authority. No
23    breach of any such pledge, mortgage, obligation or  agreement
24    may  impose  any  pecuniary  liability  upon the State or any
25    charge upon its general credit or against its taxing power.
26        (b)  The provisions of subsection (a)  do  not  apply  to
27    bonds  issued  under Section 17.3, the nature of which are as
28    described in Section 17.6.
29    (Source: P.A. 77-2635.)

30        (20 ILCS 3705/17.1 new)
31        Sec. 17.1. Financially distressed provider refunding bond
32    program; findings and declaration  of  policy.   The  General
33    Assembly  finds  and  declares  that  health  care  and human
 
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 1    services providers in the State  of  Illinois  are  currently
 2    experiencing  serious and sustained financial problems. These
 3    financial problems are most severe for a group of health  and
 4    human  services  providers who receive significant amounts of
 5    funding from the State of Illinois and for a group of  health
 6    care  providers  who  serve  a predominantly indigent patient
 7    population in areas of critical need throughout the State  of
 8    Illinois.  The  financial  difficulties  being experienced by
 9    this group of health and human services  providers  has  been
10    significantly worsened as a result of failure by the State of
11    Illinois  to  provide  adequate  funding to support essential
12    programs and services and by  the  State's  failure  to  make
13    timely  payment  of amounts appropriated for payment to these
14    providers.  These  institutions   provide   essential   human
15    services for the people of the State of Illinois. The ability
16    of  these entities effectively to carry out their mission and
17    to  provide  these  essential  services,  however,  is  being
18    significantly hampered by these  financial  problems.  It  is
19    therefore  essential  that  the  State  of Illinois provide a
20    financing mechanism to permit  this  group  of  providers  to
21    refinance,  at  a  significantly  reduced  rate  of interest,
22    outstanding indebtedness previously issued for the purpose of
23    financing or refinancing costs  of  acquiring,  constructing,
24    enlarging,  remodeling, renovating, improving, furnishing, or
25    equipping  a  health  facility.  Use  of  such  a   financing
26    mechanism  will permit these providers to realize significant
27    debt service savings,  which  can  be  applied  to  providing
28    expanded  and  improved  health  and  human  services  to the
29    neediest residents of the State of Illinois.  Establishing  a
30    program  is  therefore  declared to be in the public interest
31    and for the public benefit.

32        (20 ILCS 3705/17.2 new)
33        Sec. 17.2. Definitions. The  following  words  or  terms,
 
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 1    whenever  used  or referred to in Sections 17.1 through 17.9,
 2    have the following meanings ascribed to  them,  except  where
 3    the context clearly requires otherwise:
 4        (a)  "Costs  of  issuance"  means  all  reasonable  costs
 5    incurred  in  connection  with  the  issuance  of  the  bonds
 6    including,  but not limited to, legal and accounting fees and
 7    expenses, printing  expenses,  financial  consultants'  fees,
 8    financing  charges (including underwriting and placement fees
 9    and discounts), printing costs, costs incurred in  connection
10    with  public  approvals,  fees  and  expenses associated with
11    obtaining a rating on the bonds, costs for the preparation of
12    any disclosure document and other documents necessary for the
13    issuance of the bonds, and fees of trustees,  paying  agents,
14    and other fiduciaries.
15        (b)  "Director"  means  Director  of  the  Bureau  of the
16    Budget.
17        (c)  "Financially Distressed Provider Credit  Enhancement
18    Fund"  means  the  special fund created in the State treasury
19    under the State Finance Act.
20        (d)  "Minimum required debt service  savings"  means  net
21    present  value  savings,  after payment of costs of issuance,
22    paid by, on behalf of, or  with  respect  to  any  qualifying
23    provider  of at least 3%. The amount of the costs of issuance
24    properly allocated as paid by, on behalf of, or with  respect
25    to  any  qualifying  provider  shall  be  determined  by  the
26    Authority, with the written concurrence of the Director.
27        (e)  "Qualifying  provider"  means a participating health
28    institution that is either: (i) certified as a provider under
29    the Critical Access Hospital program or (ii) demonstrates, to
30    the reasonable written satisfaction of  the  Director,  that,
31    for  its  last  3  fiscal  years  for which audited financial
32    statements have been prepared, State funding accounted for an
33    annual average of at least 40% of its operating revenues.
34        (f)  "Refinance" or "refinancing" means refunding of  any
 
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 1    outstanding   bonds,   notes,  or  other  indebtedness  of  a
 2    qualifying provider, whether or  not  that  indebtedness  has
 3    previously  been  issued  to  the  Authority,  whether or not
 4    interest on that indebtedness is exempt from  federal  income
 5    taxation, and regardless of the remaining term to maturity of
 6    that indebtedness.
 7        (g)  "State  agency"  means the Department of Public Aid,
 8    the Department of Public Health, the Department  of  Children
 9    and  Family  Services,  the Department of Human Services, and
10    any other department  or  agency  of  State  government  that
11    enters  into  contracts  with health institutions under which
12    the institution is  paid  or  reimbursed  by  the  State  for
13    providing health or human services to persons in Illinois.
14        (h)  "State  funding" means funds received from any State
15    agency.

16        (20 ILCS 3705/17.3 new)
17        Sec.  17.3.  Issuance  of  bonds.  On  application  of  a
18    qualifying provider, the Authority may issue its bonds solely
19    for the purpose  of  enabling  that  qualifying  provider  to
20    refinance  all  or a portion of its outstanding indebtedness.
21    Bonds shall be issued by the  Authority  under  this  Section
22    only in accordance with the following requirements:
23        (1)  Bonds  shall  be  issued  only  for  the  purpose of
24    refinancing outstanding indebtedness of a qualifying provider
25    that was previously issued to finance or refinance  the  cost
26    of  a  health  facility  (but  not including working capital,
27    accounts receivable, and operating expenses).
28        (2)  Bonds shall be  issued  only  if  the  Director,  in
29    consultation  with the Authority, determines that as a result
30    of the refinancing: (i) the qualifying provider will  realize
31    minimum  required debt service savings or (ii) the qualifying
32    provider  will  realize  significant  economic  or  financial
33    advantages that will enable it to  more  effectively  provide
 
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 1    health  care  or  other  human  services to the people of the
 2    State of Illinois.
 3        (3)  The Authority may issue  bonds  for  any  individual
 4    qualified  provider  or  may  issue a single bond issue for a
 5    group of qualified providers. The Authority shall  make  that
 6    determination  only  with  the  written  concurrence  of  the
 7    Director.  The  Authority  and the Director are encouraged to
 8    consider issuance of a single  bond  issue  for  a  group  of
 9    qualified  providers as a means of reducing costs of issuance
10    and providing greater net financial and economic benefits  to
11    qualifying  providers.  Any  single bond issue for a group of
12    qualified providers is subject to all requirements  for  bond
13    issues as established by this Act.

14        (20 ILCS 3705/17.4 new)
15        Sec. 17.4. Limitation on authorization.
16        (a)  The  Authority may issue bonds under Section 17.3 in
17    an aggregate principal amount not to exceed $300,000,000.
18        (b)  Bonds may be issued under Section 17.3 on or  before
19    June  30,  2004. No bonds may be issued under Section 17.3 on
20    or after July 1, 2004.  The  final  maturity  date  of  bonds
21    issued  under  Section  17.3  may be no later than January 1,
22    2025.
23        (c)  Bonds may be issued by the Authority  under  Section
24    17.3  only  after  consultation  with and upon receipt of the
25    written concurrence of the Director.
26        (d)  The  maximum  amount  of  proceeds  of  bonds  under
27    Section 17.3 to be loaned to, or otherwise made available for
28    the benefit of, any individual qualifying  provider  may  not
29    exceed $50,000,000. For purposes of this subsection, proceeds
30    of bonds used to pay costs of issuance paid by, on behalf of,
31    or  with  respect  to  any  qualifying  provider shall not be
32    included. The amount of costs of issuance properly  allocated
33    as  paid  by, on behalf of, or with respect to any qualifying
 
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 1    provider shall be  determined  by  the  Authority,  with  the
 2    written concurrence of the Director.
 3        (e)  Unless  specifically  approved  in  writing  by  the
 4    Director,  costs  of issuance for each issue of bonds may not
 5    exceed one and one-half percent of the  principal  amount  of
 6    the proceeds of sale of each issue of bonds.
 7        (f)  If  any bonds are to be sold by negotiated sale, the
 8    Authority, in consultation with  the  Director,  must  comply
 9    with  the  competitive request for proposal process set forth
10    in the Illinois Procurement Code  and  all  other  applicable
11    requirements of that Code.
12        (g)  Before  the  issuance  of bonds for the benefit of a
13    qualified provider, that qualified provider must  enter  into
14    an  agreement  with  the  Authority,  the  Director,  and any
15    applicable State  agency  pursuant  to  which  the  qualified
16    provider  agrees,  among  other  matters, that if amounts are
17    withdrawn from the  debt  service  reserve  fund  established
18    under  Section  17.5  as  a  result  of  the  failure of that
19    qualified provider to make timely repayment to the  Authority
20    of  bond  proceeds loaned to, or otherwise made available for
21    the benefit of, that qualified  provider,  the  State  agency
22    shall be permitted to direct the payment of any money that is
23    otherwise  due  and  payable to the qualified provider, up to
24    the maximum amount of that withdrawal from the  debt  service
25    reserve fund, into the Financially Distressed Provider Credit
26    Enhancement Fund.

27        (20 ILCS 3705/17.5 new)
28        Sec. 17.5. Debt service reserve funds.
29        (a)  In  connection  with  the issuance of each series of
30    bonds, the Authority must create and establish a debt service
31    reserve fund to be maintained  by  a  trustee,  separate  and
32    segregated   from   all  other  funds  and  accounts  of  the
33    Authority. The Authority may, however, in  consultation  with
 
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 1    the Director, establish one debt service reserve fund for the
 2    benefit of 2 or more series of bonds. The amounts required to
 3    be  on  deposit  in  a  debt  service  reserve  fund shall be
 4    determined by the Authority, in consultation  with  and  upon
 5    the  written  concurrence  of  the  Director,  and  shall  be
 6    specified  in the resolution or indenture securing the bonds.
 7    Any reserve fund established  under  this  Section  shall  be
 8    initially funded from bond proceeds and other moneys lawfully
 9    available to the Authority.
10        (b)  If  moneys  are  withdrawn  from  any  debt  service
11    reserve  fund  established  under subsection (a), the trustee
12    shall immediately notify the Chairman of the  Authority,  who
13    shall  in  turn  immediately  notify  the Director, the State
14    Comptroller, and the State Treasurer of the  amount  of  that
15    withdrawal.  Upon  receipt  of  the  notification,  the State
16    Comptroller  and  the  State  Treasurer   shall   immediately
17    transfer  from  the  Financially  Distressed  Provider Credit
18    Enhancement Fund to, or at the direction  of,  the  Authority
19    for  deposit  into  the  debt service reserve fund the amount
20    required to restore that debt service  reserve  fund  to  the
21    level  of  the  debt service reserve requirement specified in
22    the resolution or indenture securing the bonds.
23        (c)  This  Section   constitutes   an   irrevocable   and
24    continuing  appropriation  from  the  Financially  Distressed
25    Provider  Credit Enhancement Fund to any debt service reserve
26    fund  established  under  subsection  (a)  of   all   amounts
27    necessary for that purpose and the irrevocable and continuing
28    authority  for  and  direction to the State Treasurer and the
29    State Comptroller to make those transfers and deposits.

30        (20 ILCS 3705/17.6 new)
31        Sec. 17.6.  Nature  of  bonds.  All  bonds  issued  under
32    Section  17.3  shall  be  limited obligations of the State of
33    Illinois payable  from:  (i)  amounts  transferred  from  the
 
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 1    Financially  Distressed  Provider  Credit Enhancement Fund to
 2    the debt service reserve fund established under Section  17.5
 3    and  (ii)  amounts in any fund or account maintained pursuant
 4    to any indenture or resolution securing those  bonds  to  the
 5    extent provided in the indenture or resolution. The bonds are
 6    not  general obligations of the State of Illinois and are not
 7    secured by  the  full  faith  and  credit  of  the  State  of
 8    Illinois,  and  the  holders of the bonds may not require the
 9    levy or imposition of any taxes or the application  of  State
10    revenues, other than amounts transferred from the Financially
11    Distressed  Provider  Credit  Enhancement  Fund  to  the debt
12    service reserve fund established under Section 17.5,  to  the
13    payment  of  the  bonds. Each bond shall describe the limited
14    nature of the State's obligation on the face of the bond.

15        (20 ILCS 3705/17.7 new)
16        Sec. 17.7. Actions to compel payment. If the State  fails
17    to  transfer required amounts from the Financially Distressed
18    Provider Credit Enhancement Fund to a  debt  service  reserve
19    fund,  as  provided  in  Section  17.5,  or  from the Tobacco
20    Settlement  Recovery  Fund  to  the  Financially   Distressed
21    Provider  Credit  Enhancement  Fund,  as  provided in Section
22    6z-43 of the State Finance Act, a civil action to compel that
23    transfer may be instituted in the Circuit Court  of  Sangamon
24    County  by  the  holder  or holders of the bonds issued under
25    Section 17.3. Delivery  of  a  summons  and  a  copy  of  the
26    complaint  to  the  Attorney  General  constitutes sufficient
27    service  to  give  the  Circuit  Court  of  Sangamon   County
28    jurisdiction  of  the  subject  matter  of  such  a  suit and
29    jurisdiction  over  the  State  and  its  officers  named  as
30    defendants for the purpose of compelling the transfer.

31        (20 ILCS 3705/17.8 new)
32        Sec. 17.8.  Covenants  with  bondholders.  The  State  of
 
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 1    Illinois irrevocably covenants and agrees with the holders of
 2    bonds issued under Section 17.3 that the State will not alter
 3    or limit: (i) the basis on which transfers are required to be
 4    made  from  the  Tobacco  Settlement  Recovery  Fund  to  the
 5    Distressed  Provider  Credit  Enhancement  Fund,  pursuant to
 6    Section 6z-43 of the State Finance Act;  (ii)  the  basis  on
 7    which  transfers  are required to be made from the Distressed
 8    Provider Credit Enhancement Fund to either the  debt  service
 9    reserve fund established under Section 17.5 or to the Tobacco
10    Settlement Recovery Fund; or (iii) the provisions of this Act
11    or  the  State  Finance  Act  so  as to impair, in any of the
12    foregoing respects, the obligations of contract  incurred  in
13    favor  of the holders of bonds issued under Section 17.3. The
14    covenant and agreement set  forth  in  this  Section  may  be
15    included  in  a  trust  indenture, resolution, or bond issued
16    under Section 17.3.

17        (20 ILCS 3705/17.9 new)
18        Sec. 17.9. Tax exemption.  The  exercise  of  the  powers
19    granted  in  Sections  17.1 through 17.10 are in all respects
20    for the benefit of the people of Illinois.  In  consideration
21    of  that benefit, the bonds issued under Section 17.3 and the
22    income from those bonds are free from  all  taxation  by  the
23    State  or  its  political  subdivisions,  except  for estate,
24    transfer, and inheritance taxes. For purposes of Section  250
25    of  the  Illinois Income Tax Act, the exemption of the income
26    from bonds issued under those Sections terminates  after  all
27    of  the bonds have been fully paid. The amount of that income
28    to be added to and  then  subtracted  from  federal  adjusted
29    gross income or federal taxable income on the Illinois income
30    tax  return  of a taxpayer, as provided in Section 203 of the
31    Illinois Income Tax Act, in computing  Illinois  base  income
32    shall be the interest net of any bond premium amortization.
 
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 1        (20 ILCS 3705/17.10 new)
 2        Sec.  17.10.  Generally  applicable provisions. Except as
 3    specifically provided for in Sections 17.1 through 17.9,  all
 4    bonds  issued  under  Section 17.3 are subject to this Act in
 5    the same manner and to the same extent as other bonds  issued
 6    under this Act.

 7        Section  4.  The State Finance Act is amended by changing
 8    Section 6z-43 and  by  adding  Sections  5.595  and  8.45  as
 9    follows:

10        (30 ILCS 105/5.595 new)
11        Sec.  5.595.  The  Financially Distressed Provider Credit
12    Enhancement Fund.

13        (30 ILCS 105/6z-43)
14        Sec. 6z-43. Tobacco Settlement Recovery Fund.
15        (a)  There is created in the  State  Treasury  a  special
16    fund  to  be  known  as the Tobacco Settlement Recovery Fund,
17    into which shall be deposited all monies paid  to  the  State
18    pursuant  to  (1)  the Master Settlement Agreement entered in
19    the case of People of the State of Illinois v. Philip Morris,
20    et al. (Circuit Court of Cook County, No. 96-L13146) and  (2)
21    any  settlement  with or judgment against any tobacco product
22    manufacturer other  than  one  participating  in  the  Master
23    Settlement Agreement in satisfaction of any released claim as
24    defined  in  the  Master Settlement Agreement, as well as any
25    other monies as  provided  by  law.   All  earnings  on  Fund
26    investments  shall  be  deposited  into  the  Fund.  Upon the
27    creation of the Fund, the State Comptroller shall  order  the
28    State  Treasurer to transfer into the Fund any monies paid to
29    the State as described in item (1) or  (2)  of  this  Section
30    before  the  creation of the Fund plus any interest earned on
31    the investment of those monies.  The Treasurer may invest the
 
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 1    moneys in the Fund in the same manner, in the same  types  of
 2    investments,  and subject to the same limitations provided in
 3    the Illinois Pension Code for the investment of pension funds
 4    other than those established under Article  3  or  4  of  the
 5    Code.
 6        (b)  As  soon  as  may  be practical after June 30, 2001,
 7    upon notification from and at the direction of the  Governor,
 8    the  State  Comptroller  shall direct and the State Treasurer
 9    shall  transfer  the  unencumbered  balance  in  the  Tobacco
10    Settlement Recovery Fund as of June 30, 2001,  as  determined
11    by  the  Governor,  into  the Budget Stabilization Fund.  The
12    Treasurer may invest the moneys in the  Budget  Stabilization
13    Fund  in  the  same manner, in the same types of investments,
14    and subject to the same limitations provided in the  Illinois
15    Pension  Code  for the investment of pension funds other than
16    those established under Article 3 or 4 of the Code.
17        (c)  As soon as practical  in  fiscal  year  2004,  there
18    shall  be  transferred  from  the Tobacco Settlement Recovery
19    Fund  to   the   Financially   Distressed   Provider   Credit
20    Enhancement Fund an amount to be certified by the Director of
21    the Bureau of the Budget to the State Treasurer and the State
22    Comptroller  to  be equal to: (x) the amount projected by the
23    Director to be the debt service  reserve  requirement  to  be
24    established  in  connection  with the issuance of the maximum
25    amount of bonds authorized by Section 17.3  of  the  Illinois
26    Health  Facilities  Authority Act times (y) 1.25 (the product
27    of  (x)  times  (y)  being  referred  to  as  the  "estimated
28    amount"). On June 30, 2004, the Director shall certify to the
29    State Treasurer and  the  State  Comptroller:  (i)  the  debt
30    service   reserve   requirement   actually   established   in
31    connection  with  all  bonds issued under Section 17.3 of the
32    Illinois Health Facilities Authority Act (referred to as  the
33    "reserve requirement"); (ii) 125% of the reserve requirement;
34    and (iii) the difference between the estimated amount and the
 
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 1    amount certified under item (ii). The State Comptroller shall
 2    direct  and  the  State  Treasurer  shall transfer the amount
 3    certified under item (iii) from  the  Financially  Distressed
 4    Provider  Credit  Enhancement  Fund to the Tobacco Settlement
 5    Recovery Fund.
 6        (d)  In each fiscal  year,  beginning  with  fiscal  year
 7    2004,  there shall be transferred from the Tobacco Settlement
 8    Recovery Fund for deposit  into  the  Financially  Distressed
 9    Provider  Credit  Enhancement  Fund  an  amount  equal to the
10    reserve requirement. This transfer  shall  be  made  in  each
11    fiscal  year prior to any other use, transfer, or application
12    of moneys in  the  Tobacco  Settlement  Recovery  Fund.  This
13    Section    constitutes    an   irrevocable   and   continuing
14    appropriation from the Tobacco Settlement  Recovery  Fund  of
15    all  amounts  necessary  for that purpose and the irrevocable
16    and continuing authority  for  and  direction  to  the  State
17    Treasurer  and  the State Comptroller to make those transfers
18    and deposits.
19    (Source: P.A. 91-646, eff.  11-19-99;  91-704,  eff.  7-1-00;
20    91-797,   eff.  6-9-00;  92-11,  eff.  6-11-01;  92-16,  eff.
21    6-28-01.)

22        (30 ILCS 105/8.45 new)
23        Sec.  8.45.  Financially   Distressed   Provider   Credit
24    Enhancement Fund.
25        (a)  The  State Comptroller and the State Treasurer shall
26    transfer into  the  Financially  Distressed  Provider  Credit
27    Enhancement  Fund  from  the Tobacco Settlement Recovery Fund
28    all amounts required to be transferred under subsections  (c)
29    and  (d)  of  Section  6z-43.  In  addition,  there  shall be
30    deposited into the  Financially  Distressed  Provider  Credit
31    Enhancement  Fund  all  amounts directed to be deposited into
32    that Fund under an agreement executed in accordance with  the
33    provisions  of subsection (g) of Section 17.4 of the Illinois
 
SB521 Engrossed            -14-      LRB093 09326 BDD 09559 b
 1    Health Facilities Authority Act.
 2        (b)  On June 30, 2005, and on each  June  30  thereafter,
 3    all  amounts  in  the  Financially Distressed Provider Credit
 4    Enhancement Fund that are in excess of 125%  of  the  reserve
 5    requirement  shall  be transferred by the State Treasurer for
 6    deposit into  the  Tobacco  Settlement  Recovery  Fund.  This
 7    Section    constitutes    an   irrevocable   and   continuing
 8    appropriation from the Financially Distressed Provider Credit
 9    Enhancement Fund of all amounts necessary  for  that  purpose
10    and   the   irrevocable  and  continuing  authority  for  and
11    direction to the State Treasurer and the State Comptroller to
12    make those transfers and deposits.
 
SB521 Engrossed            -15-      LRB093 09326 BDD 09559 b
 1                                INDEX
 2               Statutes amended in order of appearance
 3    20 ILCS 3705/2.06         from Ch. 111 1/2, par. 1102.06
 4    20 ILCS 3705/4.06         from Ch. 111 1/2, par. 1104.06
 5    20 ILCS 3705/11           from Ch. 111 1/2, par. 1111
 6    20 ILCS 3705/17.1 new
 7    20 ILCS 3705/17.2 new
 8    20 ILCS 3705/17.3 new
 9    20 ILCS 3705/17.4 new
10    20 ILCS 3705/17.5 new
11    20 ILCS 3705/17.6 new
12    20 ILCS 3705/17.7 new
13    20 ILCS 3705/17.8 new
14    20 ILCS 3705/17.9 new
15    20 ILCS 3705/17.10 new
16    30 ILCS 105/5.595 new
17    30 ILCS 105/6z-43
18    30 ILCS 105/8.45 new