Bill Text: IL SB2988 | 2009-2010 | 96th General Assembly | Introduced

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Bill Title: Amends the State Finance Act. Creates the Medicaid Fund Receipt Account within the General Revenue Fund. Provides that the receipt of all federal Medicaid reimbursement funds must be recorded as an entry in this account and that all such receipts must be expended solely for the purposes for which they were received and may not be expended or diverted for any other purpose.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2010-06-27 - Senate Floor Amendment No. 1 Re-referred to Assignments; Pursuant to Senate Rule 3-9(b). [SB2988 Detail]

Download: Illinois-2009-SB2988-Introduced.html

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96TH GENERAL ASSEMBLY State of Illinois 2009 and 2010 SB2988 Introduced 2/3/2010, by Sen. Carole Pankau SYNOPSIS AS INTRODUCED:
30 ILCS 105/8.16d new
Amends the State Finance Act. Creates the Medicaid Fund Receipt Account within the General Revenue Fund. Provides that the receipt of all federal Medicaid reimbursement funds must be recorded as an entry in this account and that all such receipts must be expended solely for the purposes for which they were received and may not be expended or diverted for any other purpose.
LRB096 20014 KTG 35506 b
FISCAL NOTE ACT MAY APPLY
A BILL FOR
SB2988 LRB096 20014 KTG 35506 b
AN ACT concerning finance.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The State Finance Act is amended by adding
Section 8.16d as follows:
(30 ILCS 105/8.16d new)
Sec. 8.16d. Medicaid Fund Receipt Account. The Medicaid
Fund Receipt Account is created as an account within the
General Revenue Fund. The receipt of all federal Medicaid
reimbursement funds must be recorded as an entry in this
account. All such receipts must be expended solely for the
purposes for which they were received and may not be expended
or diverted for any other purpose.