Illinois General Assembly - Full Text of SB1633
Illinois General Assembly

Previous General Assemblies

Full Text of SB1633  97th General Assembly

SB1633enr 97TH GENERAL ASSEMBLY

  
  
  

 


 
SB1633 EnrolledLRB097 07085 HLH 47178 b

1    AN ACT concerning State government.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The State Finance Act is amended by changing
5Sections 6z-51 and 6z-81 as follows:
 
6    (30 ILCS 105/6z-51)
7    Sec. 6z-51. Budget Stabilization Fund.
8    (a) The Budget Stabilization Fund, a special fund in the
9State Treasury, shall consist of moneys appropriated or
10transferred to that Fund, as provided in Section 6z-43 and as
11otherwise provided by law. All earnings on Budget Stabilization
12Fund investments shall be deposited into that Fund.
13    (b) The State Comptroller may direct the State Treasurer to
14transfer moneys from the Budget Stabilization Fund to the
15General Revenue Fund in order to meet cash flow deficits
16resulting from timing variations between disbursements and the
17receipt of funds within a fiscal year. Any moneys so borrowed
18in any fiscal year other than Fiscal Year 2011 shall be repaid
19by June 30 of the fiscal year in which they were borrowed. Any
20moneys so borrowed in Fiscal Year 2011 shall be repaid no later
21than July 15, 2011.
22(Source: P.A. 92-11, eff. 6-11-01; 92-651, eff. 7-11-02;
2393-660, eff. 7-1-04.)
 

 

 

SB1633 Enrolled- 2 -LRB097 07085 HLH 47178 b

1    (30 ILCS 105/6z-81)
2    Sec. 6z-81. Healthcare Provider Relief Fund.
3    (a) There is created in the State treasury a special fund
4to be known as the Healthcare Provider Relief Fund.
5    (b) The Fund is created for the purpose of receiving and
6disbursing moneys in accordance with this Section.
7Disbursements from the Fund shall be made only as follows:
8        (1) Subject to appropriation, for payment by the
9    Department of Healthcare and Family Services or by the
10    Department of Human Services of medical bills and related
11    expenses, including administrative expenses, for which the
12    State is responsible under Titles XIX and XXI of the Social
13    Security Act, the Illinois Public Aid Code, the Children's
14    Health Insurance Program Act, the Covering ALL KIDS Health
15    Insurance Act, and the Senior Citizens and Disabled Persons
16    Property Tax Relief and Pharmaceutical Assistance Act.
17        (2) For repayment of funds borrowed from other State
18    funds or from outside sources, including interest thereon.
19    (c) The Fund shall consist of the following:
20        (1) Moneys received by the State from short-term
21    borrowing pursuant to the Short Term Borrowing Act on or
22    after the effective date of this amendatory Act of the 96th
23    General Assembly.
24        (2) All federal matching funds received by the Illinois
25    Department of Healthcare and Family Services as a result of

 

 

SB1633 Enrolled- 3 -LRB097 07085 HLH 47178 b

1    expenditures made by the Department that are attributable
2    to moneys deposited in the Fund.
3        (3) All federal matching funds received by the Illinois
4    Department of Healthcare and Family Services as a result of
5    federal approval of Title XIX State plan amendment
6    transmittal number 07-09.
7        (4) All other moneys received for the Fund from any
8    other source, including interest earned thereon.
9    (d) In addition to any other transfers that may be provided
10for by law, on the effective date of this amendatory Act of the
1197th General Assembly, or as soon thereafter as practical, the
12State Comptroller shall direct and the State Treasurer shall
13transfer the sum of $365,000,000 from the General Revenue Fund
14into the Healthcare Provider Relief Fund.
15(Source: P.A. 96-820, eff. 11-18-09; 96-1100, eff. 1-1-11.)
 
16    Section 99. Effective date. This Act takes effect upon
17becoming law.