Full Text of SB1933 95th General Assembly
SB1933eng 95TH GENERAL ASSEMBLY
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SB1933 Engrossed |
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LRB095 16839 DRJ 42877 b |
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| AN ACT in relation to public aid.
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| Be it enacted by the People of the State of Illinois, | 3 |
| represented in the General Assembly:
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| Section 5. The State Finance Act is amended by changing
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| Section 6z-43 as follows:
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| (30 ILCS 105/6z-43)
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| Sec. 6z-43. Tobacco Settlement Recovery Fund.
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| (a) There is created in the State Treasury a special fund | 9 |
| to be known
as the Tobacco Settlement Recovery Fund, into which | 10 |
| shall be deposited
all monies paid to the State pursuant to (1) | 11 |
| the Master Settlement Agreement
entered in the case of People | 12 |
| of the State of Illinois v. Philip Morris, et al.
(Circuit | 13 |
| Court of Cook County, No. 96-L13146) and (2) any settlement | 14 |
| with or
judgment against any tobacco product manufacturer other | 15 |
| than one participating
in the Master Settlement Agreement in | 16 |
| satisfaction of any released claim as
defined in the Master | 17 |
| Settlement Agreement, as well as any other monies as
provided | 18 |
| by law. All earnings on Fund investments shall be deposited | 19 |
| into
the Fund. Upon the creation of the Fund, the State | 20 |
| Comptroller shall order
the State Treasurer to transfer into | 21 |
| the Fund any monies paid to the State as
described in item (1) | 22 |
| or (2) of this Section before the creation of the Fund
plus any | 23 |
| interest earned on the investment of those monies. The |
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| Treasurer
may invest the moneys in the Fund in the same manner, | 2 |
| in the same types of
investments, and subject to the same | 3 |
| limitations provided in the Illinois
Pension Code for the | 4 |
| investment of pension funds other than those established
under | 5 |
| Article 3 or 4 of the Code.
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| (a-5) In addition to any other use authorized by law, | 7 |
| subject to appropriation, moneys in the
Tobacco Settlement | 8 |
| Recovery Fund may be appropriated for use in funding
personal | 9 |
| needs allowances for institutionalized persons under Section | 10 |
| 5-27 of
the Illinois Public Aid Code. | 11 |
| (b) As soon as may be practical after June 30, 2001, upon | 12 |
| notification
from and at the direction of the Governor, the | 13 |
| State Comptroller shall direct
and the State Treasurer shall | 14 |
| transfer the unencumbered balance in the Tobacco
Settlement | 15 |
| Recovery Fund as of June 30, 2001, as determined by the | 16 |
| Governor,
into the Budget Stabilization Fund. The Treasurer may | 17 |
| invest the moneys in the
Budget Stabilization Fund in the same | 18 |
| manner, in the same types of investments,
and subject to the | 19 |
| same limitations provided in the Illinois Pension Code for
the | 20 |
| investment of pension funds other than those established under | 21 |
| Article 3 or
4 of the Code.
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| (c) In addition to any other deposits authorized by law, | 23 |
| after any delivery
of any bonds as authorized by Section 7.5 of | 24 |
| the General Obligation Bond Act
for deposits to the General | 25 |
| Revenue Fund and the Budget Stabilization Fund
(referred to as | 26 |
| "tobacco securitization general obligation bonds"), the
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| Governor shall certify, on or before June 30, 2003 and June 30 | 2 |
| of each year
thereafter, to the State Comptroller and State | 3 |
| Treasurer the total amount of
principal of, interest on, and | 4 |
| premium, if any, due on those bonds in the
next fiscal year | 5 |
| beginning with amounts due in fiscal year 2004. As soon as
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| practical after the annual payment of tobacco settlement moneys | 7 |
| to the Tobacco
Settlement Recovery Fund as described in item | 8 |
| (1) of subsection (a), the State
Treasurer and State | 9 |
| Comptroller shall transfer from the Tobacco Settlement
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| Recovery Fund to the General Obligation Bond Retirement and | 11 |
| Interest Fund the
amount certified by the Governor, plus any | 12 |
| cumulative deficiency in those
transfers for prior years.
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| (d) All federal financial participation moneys received
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| pursuant to expenditures from the Fund shall be deposited into | 15 |
| the Fund.
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| (Source: P.A. 95-331, eff. 8-21-07.)
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| Section 10. The Illinois Public Aid Code is amended by | 18 |
| adding Section
5-27 as follows:
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| (305 ILCS 5/5-27 new)
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| Sec. 5-27. Personal needs allowance. Subject to | 21 |
| appropriation, for a person who is an inpatient in an
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| institution or facility for which payments are made under this | 23 |
| Article
throughout a month and who is determined to be eligible | 24 |
| for medical assistance
under this Article, the State shall pay |
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LRB095 16839 DRJ 42877 b |
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| an amount in addition to the minimum
monthly personal needs | 2 |
| allowance authorized
under Section 1902(q) of Title XIX of the | 3 |
| Social Security Act (42
U.S.C. 1396a(q)), so that the person's | 4 |
| total monthly personal needs allowance
from
both State and | 5 |
| federal sources equals $50. The
additional amount paid by the | 6 |
| State may be paid from amounts appropriated for
that purpose | 7 |
| from the
Tobacco Settlement Recovery Fund.
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| Section 99. Effective date. This Act takes effect upon | 9 |
| becoming law. |
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