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Public Act 097-0044
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| SB1633 Enrolled | LRB097 07085 HLH 47178 b |
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AN ACT concerning State government.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The State Finance Act is amended by changing |
Sections 6z-51 and 6z-81 as follows:
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(30 ILCS 105/6z-51)
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Sec. 6z-51. Budget Stabilization Fund.
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(a) The Budget Stabilization Fund, a special fund in the |
State Treasury,
shall consist of moneys appropriated or |
transferred to that Fund, as provided
in Section 6z-43 and as |
otherwise provided by law.
All earnings on Budget Stabilization |
Fund investments shall be deposited into
that Fund.
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(b) The State Comptroller may direct the State Treasurer to |
transfer moneys
from the Budget Stabilization Fund to the |
General Revenue Fund in order to meet
cash flow deficits |
resulting from timing variations between disbursements
and the |
receipt
of funds within a fiscal year. Any moneys so borrowed |
in any fiscal year other than Fiscal Year 2011 shall be repaid |
by June
30 of the fiscal year in which they were borrowed.
Any |
moneys so borrowed in Fiscal Year 2011 shall be repaid no later |
than July 15, 2011.
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(Source: P.A. 92-11, eff. 6-11-01; 92-651, eff. 7-11-02; |
93-660, eff. 7-1-04.)
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(30 ILCS 105/6z-81) |
Sec. 6z-81. Healthcare Provider Relief Fund. |
(a) There is created in the State treasury a special fund |
to be known as the Healthcare Provider Relief Fund. |
(b) The Fund is created for the purpose of receiving and |
disbursing moneys in accordance with this Section. |
Disbursements from the Fund shall be made only as follows: |
(1) Subject to appropriation, for payment by the |
Department of Healthcare and
Family Services or by the |
Department of Human Services of medical bills and related |
expenses, including administrative expenses, for which the |
State is responsible under Titles XIX and XXI of the Social |
Security Act, the Illinois Public Aid Code, the Children's |
Health Insurance Program Act, the Covering ALL KIDS Health |
Insurance Act, and the Senior Citizens and Disabled Persons |
Property Tax Relief and Pharmaceutical Assistance Act. |
(2) For repayment of funds borrowed from other State
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funds or from outside sources, including interest thereon. |
(c) The Fund shall consist of the following: |
(1) Moneys received by the State from short-term
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borrowing pursuant to the Short Term Borrowing Act on or |
after the effective date of this amendatory Act of the 96th |
General Assembly. |
(2) All federal matching funds received by the
Illinois |
Department of Healthcare and Family Services as a result of |
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expenditures made by the Department that are attributable |
to moneys deposited in the Fund. |
(3) All federal matching funds received by the
Illinois |
Department of Healthcare and Family Services as a result of |
federal approval of Title XIX State plan amendment |
transmittal number 07-09. |
(4) All other moneys received for the Fund from any
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other source, including interest earned thereon. |
(d) In addition to any other transfers that may be provided |
for by law, on the effective date of this amendatory Act of the |
97th General Assembly, or as soon thereafter as practical, the |
State Comptroller shall direct and the State Treasurer shall |
transfer the sum of $365,000,000 from the General Revenue Fund |
into the Healthcare Provider Relief Fund.
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(Source: P.A. 96-820, eff. 11-18-09; 96-1100, eff. 1-1-11.)
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Section 99. Effective date. This Act takes effect upon |
becoming law.
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