97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB6152
 
Introduced , by Rep. Michael J. Madigan
 
SYNOPSIS AS INTRODUCED:
 

 
30 ILCS 105/5.811 new
30 ILCS 105/5.812 new
30 ILCS 105/6z-93 new
30 ILCS 105/6z-94 new

     Amends the State Finance Act. Creates the FY12 Medicaid Bill Reduction Fund and the FY12 Bill Reduction Fund as special funds in the State treasury. Provides that, subject to appropriation, moneys in those funds shall be used by the Comptroller for the payment of unpaid State Medicaid obligations and unpaid State obligations, respectively, and for no other purpose. Provides that, as soon as practical, the Comptroller shall order transferred and the Treasurer shall transfer an amount equal to $1 from the General Revenue Fund into the FY12 Medicaid Bill Reduction Fund and an amount equal to $1 from the General Revenue Fund to the FY12 Bill Reduction Fund. Effective immediately.
  


LRB097 21063 PJG 68402 b

FISCAL NOTE ACT MAY APPLY
 
 
A BILL FOR
 

  
HB6152LRB097 21063 PJG 68402 b


  
1    AN ACT concerning finance.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The State Finance Act is amended  by adding 
5Sections 5.811, 5.812, 6z-93, and 6z-94 as follows:
 
6    (30 ILCS 105/5.811 new)
7    Sec. 5.811. FY12 Medicaid Bill Reduction Fund. 
 
8    (30 ILCS 105/5.812 new)
9    Sec. 5.812. FY12 Bill Reduction Fund.
 
10    (30 ILCS 105/6z-93 new)
11    Sec. 6z-93. FY12 Medicaid Bill Reduction Fund; creation. 
12The FY12 Medicaid Bill Reduction Fund is created as a special 
13fund in the State treasury. Subject to appropriation, moneys in 
14the Fund shall be used by the Comptroller for the payment of 
15unpaid Medicaid obligations of the State and for no other 
16purpose. As soon as practical after the effective date of this 
17amendatory Act of the 97th General Assembly, the Comptroller 
18shall order transferred and the Treasurer shall transfer an 
19amount equal to $1 from the General Revenue Fund into the FY12 
20Medicaid Bill Reduction Fund.
 
 
 
HB6152- 2 -LRB097 21063 PJG 68402 b

1    (30 ILCS 105/6z-94 new)
2    Sec. 6z-94. FY12 Bill Reduction Fund; creation. The FY12 
3Bill Reduction Fund is created as a special fund in the State 
4treasury. Subject to appropriation, moneys in the Fund shall be 
5used by the Comptroller for the payment of unpaid non-Medicaid 
6obligations of the State and for no other purpose. As soon as 
7practical after the effective date of this amendatory Act of 
8the 97th General Assembly, the Comptroller shall order 
9transferred and the Treasurer shall transfer an amount equal to 
10$1 from the General Revenue Fund into the FY12 Bill Reduction 
11Fund.
 
 
12    Section 99. Effective date. This Act takes effect upon 
13becoming law.