|Public Act 098-0438
|LRB098 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:
The Hospital Basic Services Preservation Act is
amended by changing Section 10 and by adding Section 30 as
(20 ILCS 4050/10)
Hospital Basic Services Preservation Fund.
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.