Illinois General Assembly - Illinois Compiled Statutes

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110 ILCS 935/10

(110 ILCS 935/10) (from Ch. 144, par. 1460)

Sec. 10.

Scholarship recipients who fail to fulfill the
obligation described in subsection (d) of Section 3.07 of this
Act shall pay to the Department a sum equal to 3 times the amount
of the annual scholarship grant for each year the
recipient fails to fulfill such obligation.  A scholarship recipient who
fails to fulfill the obligation described in subsection (d) of Section 3.07
shall have 30 days from the date on which that failure begins in which to enter
into a contract with the Department that sets forth the manner in which that
sum is required to be paid.  If the contract is not entered into within that 30
day period or if the contract is entered into but the required payments are not
made in the amounts and at the times provided in the contract, the scholarship
recipient also shall be required to  pay to the Department interest at the rate
of 9% per annum on the amount of that sum remaining due and unpaid. The
amounts paid to the Department
under this Section shall be deposited into the Community Health
Center Care Fund and shall be used by the Department to improve
access to primary health care services as authorized by subsection (a) of
Section
2310-200 of the Department of Public Health Powers and
Duties
Law (20 ILCS 2310/2310-200).

The Department may transfer to the Illinois Finance
Authority,
into an account outside the State treasury,
moneys in the
Community Health Center Care Fund as needed, but not to exceed an amount
established, by rule, by the Department to establish a reserve or credit
enhancement escrow account to support a financing program or a loan or
equipment leasing program to provide moneys to
support the purposes of subsection (a) of Section 2310-200
of the Department of Public Health Powers and Duties Law (20 ILCS
2310/2310-200).
The disposition of moneys at the conclusion of any financing program under this
Section
shall be determined by an interagency agreement.

(Source: P.A. 93-205, eff. 1-1-04.)