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