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




SB0634 EngrossedLRB100 05383 RJF 15394 b

1    AN ACT concerning regulation.
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
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
17associated with such account receivable, as determined by the
18State Comptroller. The purchase price for a qualified account
19receivable shall be determined by the Department of Central
20Management Services. In consideration of the payment of the
21purchase price, a participating dentist shall assign to the
22qualified purchaser all of its rights to payment of such
23qualified account receivable, including all current and future



SB0634 Engrossed- 2 -LRB100 05383 RJF 15394 b

1prompt payment penalties due relating to such qualified account
2receivable in accordance with the State Prompt Payment Act.
3    Section 99. Effective date. This Act takes effect upon
4becoming law.