91st General Assembly
Status of HB0077
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GARRETT-SCHOENBERG-LANG-SILVA-SCOTT, PUGH, RONEN, 
   FRITCHEY, MOORE,ANDREA, KRAUSE, ERWIN, NOVAK, BRADLEY, 
   GILES, FRANKS, COULSON, LYONS,JOSEPH, COWLISHAW, 
   LAWFER, MITCHELL,JERRY, MCGUIRE, BROSNAHAN, O'BRIEN, 
   FEIGENHOLTZ, GRANBERG, GASH, CROTTY AND DELGADO.

(GEO-KARIS-MYERS,J-SILVERSTEIN-TROTTER)

   New Act                                                                     
   30 ILCS 330/2             from Ch. 127, par. 652                            

        Creates the Elder Care  Savings  Bond  Act  that  authorizes  the      
   issuance  and  sale  of up to $300,000,000 of General Obligation Elder      
   Care Savings Bonds for purchase by Illinois residents to enhance their      
   financial access  to  long  term  health  care.   Amends  the  General      
   Obligation  Bond  Act  to  reflect  the  increased bond authorization.      
   Effective immediately.                                                      
          STATE DEBT NOTE (Economic and Fiscal Commission)                     
          Increase in general obligation principal         $300.0 million      
          Increase in general obligation debt              $505.8 million      
          Increase in annual debt service payments         $ 20.8 million      
          FISCAL NOTE (Dept. on Aging)                                         
          There is no fiscal impact on the Department.                         
        HOUSE AMENDMENT NO. 1.                                                 
        Replaces  the  definition  of  "assisted  living  establishment".      
   Provides that the Department on Aging's case  coordination  units  may      
   provide  certain  services under the Act.  Provides that the Treasurer      
   shall conduct the Act's education  program  in  cooperation  with  the      
   Department on Aging and area agencies on aging.                             
        HOUSE AMENDMENT NO. 2.                                                 
          Deletes reference to:                                                
          30 ILCS 330/2                                                        
        Deletes everything.  Creates the Elder Care Savings Fund  Act  to      
   provide  investors  with  investment  alternatives  to  enhance  their      
   financial  access  to long term health care and to authorize the State      
   Treasurer to establish and administer  an  Elder  Care  Savings  Fund.      
   Provides  that  the Treasurer, in administering the Elder Care Savings      
   Fund, may receive moneys from Illinois residents for deposit into the       
   Fund and invest moneys within the Fund on their behalf. Provides that       
   the Treasurer shall develop, publish, and implement an investment po-       
   licy covering the management of funds in the Elder Care Savings Fund.       
   Provides that the policy shall be published at least once each year in      
   at least one newspaper of general circulation in both Springfield  and      
   Chicago,  and each year as part of the audit of the Elder Care Savings      
   Fund by the  Auditor  General,  which  shall  be  distributed  to  all      
   participants  in  the  Fund.  Provides that the Treasurer shall notify      
   all participants in writing, and the  Treasurer  shall  publish  in  a      
   newspaper  of  general circulation in both Chicago and Springfield any      
   changes to the previously published  investment  policy  at  least  30      
   calendar  days  before  implementing  the  policy.   Provides that any      
   investment policy adopted by the  Treasurer  shall  be  reviewed,  and      
   updated  if  necessary, within 90 days following the installation of a      
   new  Treasurer.   Provides  that  interest  earnings  in   excess   of      
   administrative  expenses  shall  be  credited  or  paid monthly to the      
   several participants in the Fund in a manner which equitably  reflects      
   the  differing amounts of their respective investments in the Fund and      
   the differing periods of time  for  which  the  amounts  were  in  the      
   custody  of  the  Fund.   Provides that the Treasurer shall promulgate      
   rules and regulations as he or she deems necessary for  the  efficient      
   administration of the Elder Care Savings Fund, including specification      
   of  minimum  and  maximum  amounts which may be deposited, minimum and      
   maximum periods of time for which deposits  may  be  retained  in  the      
   Fund,  and  conditions  under  which  penalties  will  be assessed for      
   refunds of earnings that are  not  used  for  long  term  health  care      
   expenses.  Effective immediately.                                           
   98-12-17  H  PREFILED WITH CLERK                                            
   99-01-14  H  FIRST READING                                                  
   99-01-14  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   99-01-27  H  ADDED AS A JOINT SPONSOR                 LANG                  
   99-01-27  H       ASSIGNED TO COMMITTEE               AGING                 
   99-01-28  H  ADDED AS A CO-SPONSOR                    SILVA                 
   99-02-03  H  ADDED AS A CO-SPONSOR                    SCOTT                 
   99-02-09  H  STATE DEBT IMPACT NOTE FILED                                   
   99-02-09  H                   COMMITTEE               AGING                 
   99-02-10  H  ADDED AS A CO-SPONSOR                    RONEN                 
   99-02-10  H  ADDED AS A CO-SPONSOR                    PUGH                  
   99-02-11  H  PRIMARY SPONSOR CHANGED TO               GARRETT               
   99-02-11  H  JOINT-SPONSOR CHANGED TO                 SCHOENBERG            
   99-02-11  H  ADDED AS A CO-SPONSOR                    PUGH                  
   99-02-16  H                         FISCAL NOTE FILED                       
   99-02-16  H                   COMMITTEE               AGING                 
   99-02-18  H  ADDED AS A CO-SPONSOR                    HOFFMAN               
   99-02-18  H  ADDED AS A CO-SPONSOR                    FRITCHEY              
   99-02-23  H  ADDED AS A CO-SPONSOR                    MOORE,ANDREA          
   99-02-24  H  ADDED AS A CO-SPONSOR                    KRAUSE                
   99-02-24  H  ADDED AS A CO-SPONSOR                    ERWIN                 
   99-02-25  H  ADDED AS A CO-SPONSOR                    NOVAK                 
   99-02-25  H  ADDED AS A CO-SPONSOR                    BRADLEY               
   99-02-25  H  ADDED AS A CO-SPONSOR                    BOLAND                
   99-03-04  H                             AMENDMENT NO. 01-AGING         H    
   99-03-04  H                                   ADOPTED                       
   99-03-04  H  DO PASS AMENDED/SHORT DEBATE             018-000-000   HAGI    
   99-03-04  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   99-03-04  H  ADDED AS A CO-SPONSOR                    GILES                 
   99-03-04  H  ADDED AS A CO-SPONSOR                    FRANKS                
   99-03-04  H  ADDED AS A CO-SPONSOR                    COULSON               
   99-03-04  H  ADDED AS A CO-SPONSOR                    LYONS,JOSEPH          
   99-03-04  H  ADDED AS A CO-SPONSOR                    COWLISHAW             
   99-03-04  H  ADDED AS A CO-SPONSOR                    MOFFITT               
   99-03-04  H  ADDED AS A CO-SPONSOR                    LAWFER                
   99-03-04  H  ADDED AS A CO-SPONSOR                    MITCHELL,JERRY        
   99-03-04  H  ADDED AS A CO-SPONSOR                    MCGUIRE               
   99-03-04  H  ADDED AS A CO-SPONSOR                    BROSNAHAN             
   99-03-05  H  ADDED AS A CO-SPONSOR                    O'BRIEN               
   99-03-10  H  ADDED AS A CO-SPONSOR                    CURRY,JULIE           
   99-03-11  H  ADDED AS A CO-SPONSOR                    FEIGENHOLTZ           
   99-03-16  H  ADDED AS A CO-SPONSOR                    GRANBERG              
   99-03-16  H                             AMENDMENT NO. 02-GARRETT            
   99-03-16  H                     AMENDMENT REFERRED TO HRUL                  
   99-03-16  H                           RULES REFERS TO HAGI                  
   99-03-16  H  SECOND READING-SHORT DEBATE                                    
   99-03-16  H  HELD ON CAL ORDER 2ND RDG - SHORT DEBATE                       
   99-03-17  H                             AMENDMENT NO. 02-GARRETT            
   99-03-17  H  RECOMMENDS BE ADOPTED                    HAGI/010-000-000      
   99-03-17  H                             AMENDMENT NO. 02-GARRETT            
   99-03-17  H                                   ADOPTED                       
   99-03-17  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   99-03-17  H  ADDED AS A CO-SPONSOR                    GASH                  
   99-03-18  H  THIRD READING/SHORT DEBATE/PASSED        113-003-000           
   99-03-18  H  ADDED AS A CO-SPONSOR                    CROTTY                
   99-03-18  H  ADDED AS A CO-SPONSOR                    DELGADO               
   99-03-18  S  ARRIVE IN SENATE                                               
   99-03-18  S  PLACED CALENDAR ORDER OF FIRST READING   99-03-19              
   99-03-18  S  CHIEF SPONSOR                            GEO-KARIS             
   99-03-19  S  FIRST READING                                                  
   99-03-19  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   99-03-23  S  ADDED AS A CHIEF CO-SPONSOR              MYERS,J               
   99-03-24  S  ADDED AS A CHIEF CO-SPONSOR              SILVERSTEIN           
   99-04-14  S       ASSIGNED TO COMMITTEE               PUBLIC HEALTH         
   99-04-14  S  ADDED AS A CHIEF CO-SPONSOR              TROTTER               
   99-04-15  S       RE-REFERRED TO COMMITTEE            RULES                 
   99-04-15  S       ASSIGNED TO COMMITTEE               EXECUTIVE             
   99-04-21  S  ADDED AS A CO-SPONSOR                    MOLARO                
   99-04-22  S                                 POSTPONED                       
   99-04-29  S       TO SUBCOMMITTEE                                           
   99-04-29  S                   COMMITTEE               EXECUTIVE             
   99-05-04  S  ADDED AS A CO-SPONSOR                    LIGHTFORD             
   99-05-08  S  RE-REFERRED TO RULES COMM/RULE 3-9(A)    RULES                 
   99-05-26  S            RULED EXEMPT UNDER SENATE RULE 3-9(B)        SRUL    
   99-05-26  S       ASSIGNED TO COMMITTEE               EXECUTIVE             
   01-01-09  H  SESSION SINE DIE                                               

   END OF INQUIRY 



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