Illinois General Assembly - Full Text of SB0634
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Full Text of SB0634  100th General Assembly


Sen. Scott M. Bennett

Filed: 5/9/2017





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2    AMENDMENT NO. ______. Amend Senate Bill 634 by replacing
3everything after the enacting clause with the following:
4    "Section 5. The State Employees Group Insurance Act of 1971
5is amended by adding Section 6.12a as follows:
6    (5 ILCS 375/6.12a new)
7    Sec. 6.12a. Vendor assistant program for dentists
8providing services to State of Illinois employees. The
9Department of Central Management Services may establish a
10vendor payment program for dentists providing services to State
11of Illinois employees under which qualified purchasers may
12purchase from participating vendors certain qualified accounts
13receivable owed by the State to the participating vendors. This
14program shall be subject to any State offset of the purchase
15price for which any qualified account receivable purchased
16under the program equals 100% of the base invoice amount



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1associated with such account receivable, as determined by the
2State Comptroller. The purchase price for a qualified account
3receivable shall be determined by the Department of Central
4Management Services. In consideration of the payment of the
5purchase price, a participating dentist shall assign to the
6qualified purchaser all of its rights to payment of such
7qualified account receivable, including all current and future
8prompt payment penalties due relating to such qualified account
9receivable in accordance with the State Prompt Payment Act.
10    Section 99. Effective date. This Act takes effect upon
11becoming law.".