SCHOENBERG-FANTIN-FEIGENHOLTZ-KENNER, LANG, MCGUIRE, COULSON, SCOTT, GILES, LYONS,JOSEPH, KLINGLER, CROTTY, MCKEON, ERWIN, WOOD AND WOOLARD. (RAUSCHENBERGER) New Act 20 ILCS 1405/56.5 new 20 ILCS 2205/48c new 30 ILCS 330/2 from Ch. 127, par. 652 Creates the Elder Care Savings Bond Act that authorizes the issuance and sale of up to $300,000,000 of General Obligation Elder Care Savings Bonds for purchase by Illinois residents to enhance their financial access to long term health care. Amends the General Obligation Bond Act to reflect this bond authorization. Amends the Civil Administrative Code to direct the Department of Public Aid, in cooperation with the Department of Insurance, to undertake a study to determine the feasibility of health maintenance organizations providing acute care to the State's Medicaid long term care recipients. Effective immediately. STATE DEBT IMPACT NOTE Increase in general obligation principal $300.0 M Increase in potential obligation debt $587.1 M Increase in annual debt service payments $ 23.5 M HOUSE AMENDMENT NO. 1. Adds the Director of Public Health as a member ex officio to the Elder Care Trust Authority. FISCAL NOTE (Bureau of Budget) The State tax exemption could equal as much as $7.2 M over the life of the bonds. FISCAL NOTE (Dept. of Aging) There is no fiscal impact to this Dept. STATE MANDATES ACT FISCAL NOTE, H-AM 1 HB 504 fails to create a State mandate. STATE DEBT IMPACT NOTE, H-AM 1 No change from previous State debt note. FISCAL NOTE, H-AM 1 (Bureau of the Budget) No change from previous BOB fiscal note. HOME RULE NOTE, H-AM 1 HB504, amended by H-am 1, does not preempt home rule authority. HOUSE AMENDMENT NO. 2. Deletes reference to: 20 ILCS 1405/56.5 new 20 ILCS 2205/48c new Provides that the Elder Care Savings Bonds may be issued and sold in fiscal year 1998 and the following fiscal years. Provides that the grant program shall also encourage the use of the bonds and their income for care in assisted living establishments. Defines assisted living establishments. Deletes the provisions mandating the Department of Public Aid and the Department of Insurance to study and report on the feasibility of health maintenance organizations providing acute care to the State's Medicaid long term care recipients. HOUSE AMENDMENT NO. 3. Further amends the General Obligation Bond Act. In the Section authorizing the issuance and sale of up to $300,000,000 of General Obligation Elder Care Savings Bonds, updates the provision to reflect the increased bond authorization of Public Act 90-1. Deletes amendatory changes to the total bond authorization amount. 97-02-04 H FIRST READING 97-02-04 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-02-06 H ASSIGNED TO COMMITTEE AGING 97-02-06 H ADDED AS A JOINT SPONSOR FANTIN 97-02-06 H ADDED AS A CO-SPONSOR FEIGENHOLTZ 97-02-26 H ADDED AS A CO-SPONSOR LANG 97-03-04 H STATE DEBT IMPACT NOTE FILED 97-03-04 H COMMITTEE AGING 97-03-06 H AMENDMENT NO. 01-AGING H 97-03-06 H ADOPTED 97-03-06 H DO PASS AMENDED/SHORT DEBATE 020-001-000 HAGI 97-03-06 H PLACED CALENDAR 2ND READING-SHORT DEBATE 97-03-06 H FISCAL NOTE REQUESTED AS AMENDED-LAWFER 97-03-06 H FISCAL NOTE REQUESTED LAWFER 97-03-06 H STATE DEBT IMPACT NOTE REQUESTED AS AMENDED-LAWFER 97-03-06 H STATE DEBT IMPACT NOTE REQUESTED LAWFER 97-03-06 H CALENDAR ORDER 2ND READING-SHORT DEBATE 97-03-07 H ADDED AS A CO-SPONSOR MCGUIRE 97-03-07 H ADDED AS A CO-SPONSOR SILVA 97-03-07 H ADDED AS A CO-SPONSOR COULSON 97-03-07 H ADDED AS A CO-SPONSOR SCOTT 97-03-07 H ADDED AS A CO-SPONSOR GILES 97-03-07 H ADDED AS A CO-SPONSOR LYONS,JOSEPH 97-03-07 H ADDED AS A CO-SPONSOR KLINGLER 97-03-07 H ADDED AS A CO-SPONSOR LYONS,EILEEN 97-03-07 H ADDED AS A CO-SPONSOR CROTTY 97-03-25 H ADDED AS A CO-SPONSOR MCKEON 97-04-08 H ADDED AS A CO-SPONSOR KENNER 97-04-09 H ADDED AS A CO-SPONSOR ERWIN 97-04-09 H FISCAL NOTE FILED 97-04-09 H CALENDAR ORDER 2ND READING-SHORT DEBATE 97-04-09 H ADDED AS A CO-SPONSOR WOOD 97-04-10 H FISCAL NOTE FILED 97-04-10 H CALENDAR ORDER 2ND READING-SHORT DEBATE 97-04-12 H STATE MANDATES FISCAL NOTE FILED AS AMENDED 97-04-12 H CALENDAR ORDER 2ND READING-SHORT DEBATE 97-04-16 H AMENDMENT NO. 02-SCHOENBERG 97-04-16 H AMENDMENT REFERRED TO HRUL 97-04-16 H AMENDMENT NO. 02-SCHOENBERG 97-04-16 H RULES REFERS TO HAGI 97-04-16 H CALENDAR ORDER 2ND READING-SHORT DEBATE 97-04-17 H STATE DEBT IMPACT NOTE FILED AS AMENDED 97-04-17 H AMENDMENT NO. 02-SCHOENBERG 97-04-17 H BE ADOPTED HAGI/014-001-000 97-04-17 H AMENDMENT NO. 03-SCHOENBERG 97-04-17 H AMENDMENT REFERRED TO HRUL 97-04-17 H AMENDMENT NO. 03-SCHOENBERG 97-04-17 H BE ADOPTED HRUL 97-04-17 H CALENDAR ORDER 2ND READING-SHORT DEBATE 97-04-18 H HOME RULE NOTE REQUESTED AS AMENDED/BLACK 97-04-18 H FISCAL NOTE FILED AS AMENDED 97-04-18 H HOME RULE NOTE FILED AS AMENDED 97-04-18 H CALENDAR ORDER 2ND READING-SHORT DEBATE 97-04-23 H SECOND READING-SHORT DEBATE 97-04-23 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE 97-04-24 H ADDED AS A CO-SPONSOR WOOLARD 97-04-25 H AMENDMENT NO. 02-SCHOENBERG 97-04-25 H ADOPTED 97-04-25 H AMENDMENT NO. 03-SCHOENBERG 97-04-25 H ADOPTED 97-04-25 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 97-04-25 H THIRD READING/SHORT DEBATE/PASSED 117-000-000 97-04-29 S ARRIVE IN SENATE 97-04-29 S PLACED CALENDAR ORDER OF FIRST READING 97-04-30 98-03-31 S CHIEF SPONSOR RAUSCHENBERGER 98-03-31 S FIRST READING 98-03-31 S REFERRED TO SENATE RULES COMMITTEE RULES 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary