The Illinois General Assembly offers the Google Translate™ service for visitor convenience. In no way should it be considered accurate as to the translation of any content herein.
Visitors of the Illinois General Assembly website are encouraged to use other translation services available on the internet.
The English language version is always the official and authoritative version of this website.
NOTE: To return to the original English language version, select the "Show Original" button on the Google Translate™ menu bar at the top of the window.
Replaces everything after the enacting clause. Creates the Interfund Borrowing Act of 2009. For the purpose of making hospital access payments as set forth in approved Medicaid State plan amendments, requires transfers from the State Employees' Retirement System Fund and the General Obligation Bond Retirement and Interest Fund to the Hospital Provider Fund. Requires transfers back by April 14, 2009 from the Hospital Provider Fund if sufficient amounts are available, otherwise from the General Revenue Fund, with GRF to receive transfers back when amounts are available. Requires interest payments to the State Employees' Retirement System Fund and the General Obligation Bond Retirement and Interest Fund. Prohibits the payment of legal, financial, or other consultant fees. Repeals the Act on July 1, 2009. Amends the Illinois Public Aid Code. Provides that for FY09 certain transfers from the Hospital Provider Fund to GRF shall be made by June 30, 2009 (instead of 7 business days after payments are received). Effective immediately.
This site is maintained for the Illinois General Assembly
by the Legislative Information System, 705 Stratton Building, Springfield, Illinois 62706
Contact ILGA Webmaster