Illinois General Assembly - Full Text of Public Act 098-0438
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Public Act 098-0438





Public Act 098-0438
HB2654 EnrolledLRB098 02641 KMW 32646 b

    AN ACT concerning State government.
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
    Section 5. The Hospital Basic Services Preservation Act is
amended by changing Section 10 and by adding Section 30 as
    (20 ILCS 4050/10)
    Sec. 10. Hospital Basic Services Preservation Fund.
    (a) There is created in the State treasury the Hospital
Basic Services Preservation Fund. The Fund shall be
administered by the State Treasurer to collateralize loans from
financial institutions for capital projects necessary to
maintain certain basic services required for the efficient and
effective operation of essential community hospital providers
who otherwise may not be able to meet financial institution
credit standards for issuance of a standard commercial loan.
The Fund shall consist of all public and private moneys donated
or transferred to the Fund for the purpose of enabling
essential community hospitals to continue to provide basic
quality health care services that are subject to and meet
standards of need under the Health Facilities Planning Act. All
public funds deposited into the Fund shall be subject to
appropriation by the General Assembly.
    (b) If the State Treasurer determines that any public
moneys in the Hospital Basic Services Preservation Fund are no
longer necessary to collateralize loans from financial
institutions under this Section, the Treasurer may transfer any
unobligated and unexpended moneys from the Hospital Basic
Services Preservation Fund into the General Revenue Fund. If
all amounts from every collateralization of basic service loans
from eligible expenses related to completing, attaining, or
upgrading basic services under existing agreements have been
returned to the Hospital Basic Services Preservation Fund and
have been transferred by the State Treasurer into the General
Revenue Fund, the Treasurer shall file with the Index
Department of the Office of the Secretary of State a
declaration to that effect and shall notify the Clerk of the
House of Representatives, the Secretary of the Senate, and the
Legislative Reference Bureau of the filing of the declaration.
Upon such filing and notification, this Act is repealed as
provided in Section 30 of this Act.
(Source: P.A. 94-648, eff. 1-1-06.)
    (20 ILCS 4050/30 new)
    Sec. 30. Repealer. This Act is repealed upon the occurrence
of the conditions set forth in subsection (b) of Section 10 of
this Act.
    (30 ILCS 105/5.659 rep.)
    Section 15. The State Finance Act is amended by repealing
Section 5.659 upon the repeal of the Hospital Basic Services
Preservation Fund Act as set forth in Section 30 of that Act.
    Section 99. Effective date. This Act takes effect upon
becoming law.

Effective Date: 8/16/2013