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| | SB0634 Engrossed | | LRB100 05383 RJF 15394 b |
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| 1 | | AN ACT concerning regulation.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The State Employees Group Insurance Act of 1971 |
| 5 | | is amended by adding Section 6.12a as follows:
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| 6 | | (5 ILCS 375/6.12a new) |
| 7 | | Sec. 6.12a. Vendor assistant program for dentists |
| 8 | | providing services to State of Illinois employees. The |
| 9 | | Department of Central Management Services may establish a |
| 10 | | vendor payment program for dentists providing services to State |
| 11 | | of Illinois employees under which qualified purchasers may |
| 12 | | purchase from participating vendors certain qualified accounts |
| 13 | | receivable owed by the State to the participating vendors. This |
| 14 | | program shall be subject to any State offset of the purchase |
| 15 | | price for which any qualified account receivable purchased |
| 16 | | under the program equals 100% of the base invoice amount |
| 17 | | associated with such account receivable, as determined by the |
| 18 | | State Comptroller. The purchase price for a qualified account |
| 19 | | receivable shall be determined by the Department of Central |
| 20 | | Management Services. In consideration of the payment of the |
| 21 | | purchase price, a participating dentist shall assign to the |
| 22 | | qualified purchaser all of its rights to payment of such |
| 23 | | qualified account receivable, including all current and future |