Full Text of SB1633 97th General Assembly
SB1633ham002 97TH GENERAL ASSEMBLY | Rep. Barbara Flynn Currie Filed: 6/21/2011
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| 1 | | AMENDMENT TO SENATE BILL 1633
| 2 | | AMENDMENT NO. ______. Amend Senate Bill 1633, AS AMENDED, | 3 | | by replacing everything after the enacting clause with the | 4 | | following:
| 5 | | "Section 5. The State Finance Act is amended by changing | 6 | | Sections 6z-51 and 6z-81 as follows: | 7 | | (30 ILCS 105/6z-51)
| 8 | | Sec. 6z-51. Budget Stabilization Fund.
| 9 | | (a) The Budget Stabilization Fund, a special fund in the | 10 | | State Treasury,
shall consist of moneys appropriated or | 11 | | transferred to that Fund, as provided
in Section 6z-43 and as | 12 | | otherwise provided by law.
All earnings on Budget Stabilization | 13 | | Fund investments shall be deposited into
that Fund.
| 14 | | (b) The State Comptroller may direct the State Treasurer to | 15 | | transfer moneys
from the Budget Stabilization Fund to the | 16 | | General Revenue Fund in order to meet
cash flow deficits |
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| 1 | | resulting from timing variations between disbursements
and the | 2 | | receipt
of funds within a fiscal year. Any moneys so borrowed | 3 | | in any fiscal year other than Fiscal Year 2011 shall be repaid | 4 | | by June
30 of the fiscal year in which they were borrowed.
Any | 5 | | moneys so borrowed in Fiscal Year 2011 shall be repaid no later | 6 | | than July 15, 2011.
| 7 | | (Source: P.A. 92-11, eff. 6-11-01; 92-651, eff. 7-11-02; | 8 | | 93-660, eff. 7-1-04 .)
| 9 | | (30 ILCS 105/6z-81) | 10 | | Sec. 6z-81. Healthcare Provider Relief Fund. | 11 | | (a) There is created in the State treasury a special fund | 12 | | to be known as the Healthcare Provider Relief Fund. | 13 | | (b) The Fund is created for the purpose of receiving and | 14 | | disbursing moneys in accordance with this Section. | 15 | | Disbursements from the Fund shall be made only as follows: | 16 | | (1) Subject to appropriation, for payment by the | 17 | | Department of Healthcare and
Family Services or by the | 18 | | Department of Human Services of medical bills and related | 19 | | expenses, including administrative expenses, for which the | 20 | | State is responsible under Titles XIX and XXI of the Social | 21 | | Security Act, the Illinois Public Aid Code, the Children's | 22 | | Health Insurance Program Act, the Covering ALL KIDS Health | 23 | | Insurance Act, and the Senior Citizens and Disabled Persons | 24 | | Property Tax Relief and Pharmaceutical Assistance Act. | 25 | | (2) For repayment of funds borrowed from other State
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| 1 | | funds or from outside sources, including interest thereon. | 2 | | (c) The Fund shall consist of the following: | 3 | | (1) Moneys received by the State from short-term
| 4 | | borrowing pursuant to the Short Term Borrowing Act on or | 5 | | after the effective date of this amendatory Act of the 96th | 6 | | General Assembly. | 7 | | (2) All federal matching funds received by the
Illinois | 8 | | Department of Healthcare and Family Services as a result of | 9 | | expenditures made by the Department that are attributable | 10 | | to moneys deposited in the Fund. | 11 | | (3) All federal matching funds received by the
Illinois | 12 | | Department of Healthcare and Family Services as a result of | 13 | | federal approval of Title XIX State plan amendment | 14 | | transmittal number 07-09. | 15 | | (4) All other moneys received for the Fund from any
| 16 | | other source, including interest earned thereon. | 17 | | (d) In addition to any other transfers that may be provided | 18 | | for by law, on the effective date of this amendatory Act of the | 19 | | 97th General Assembly, or as soon thereafter as practical, the | 20 | | State Comptroller shall direct and the State Treasurer shall | 21 | | transfer the sum of $365,000,000 from the General Revenue Fund | 22 | | into the Healthcare Provider Relief Fund.
| 23 | | (Source: P.A. 96-820, eff. 11-18-09; 96-1100, eff. 1-1-11.)
| 24 | | Section 99. Effective date. This Act takes effect upon | 25 | | becoming law.".
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