Rep. Sara Feigenholtz

Filed: 4/11/2011

 

 


 

 


 
09700HB2934ham004LRB097 06801 KTG 54326 a

1
AMENDMENT TO HOUSE BILL 2934

2    AMENDMENT NO. ______. Amend House Bill 2934 by replacing
3everything after the enacting clause with the following:
 
4    "Section 1. Short title. This Act may be cited as the Cash
5Management and Medicaid Maximization Act of 2011.
 
6    Section 5. Interfund transfers.
7    (a) Notwithstanding any other provision of State law to the
8contrary, on the effective date of this Act, or as soon
9thereafter as practical, for the purpose of accessing enhanced
10federal Medicaid matching funds that expire on June 30, 2011,
11on or after June 20, 2011 and no later than June 25, 2011 the
12State Comptroller shall direct and the State Treasurer shall
13transfer amounts into the Healthcare Provider Relief Fund from
14the designated funds not exceeding the following totals:
 
15    Water Revolving Fund.........................$400,000,000

 

 

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1    General Obligation Bond Retirement
2        and Interest Fund........................$500,000,000
 
3    (b) On and after the effective date of this Act through
4July 30, 2011, if either the Water Revolving Fund or the
5General Obligation Bond Retirement and Interest Fund has
6insufficient cash from which the State Comptroller may make
7expenditures properly supported by appropriations from the
8fund, then the State Treasurer and the State Comptroller shall
9transfer from the General Revenue Fund to the fund only such
10amount as is immediately necessary to satisfy outstanding
11expenditure obligations on a timely basis, subject to the
12provisions of the State Prompt Payment Act. All or a portion of
13the amounts transferred from the General Revenue Fund to a fund
14pursuant to this subsection (b) from time to time may be
15re-transferred by the State Comptroller and the State Treasurer
16from the receiving fund into the General Revenue Fund as soon
17as and to the extent that deposits are made into or receipts
18are collected by the receiving fund.
19    If the General Revenue Fund has insufficient cash from
20which the State Comptroller may make repayments to the Water
21Revolving Fund or the General Obligation Bond Retirement and
22Interest Fund in order to satisfy any immediate federal or
23State obligations, then the Governor, the State Treasurer, and
24the State Comptroller shall transfer from special funds of the
25State, excluding the Road Fund, to the extent allowed by

 

 

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1federal law, to the Water Revolving Fund or the General
2Obligation Bond Retirement and Interest Fund only such amount
3as is immediately necessary to satisfy outstanding expenditure
4obligations on a timely basis, subject to provisions of the
5State Prompt Payment Act. No transfer may be made from a fund
6under this Section that would have the effect of reducing the
7available balance in the fund to an amount less than the amount
8remaining unexpended and unreserved from the total
9appropriation from that fund estimated to be expended for the
10months of July and August 2011. Notwithstanding any other
11provision of this Section, no such transfer may be made from
12any special fund that is exclusively collected by or
13appropriated to any other constitutional officer without the
14written approval of that constitutional officer. Any moneys
15transferred pursuant to this subsection shall be repaid from
16the General Revenue Fund to the fund of origin by August 31,
172011.
18    (c) By no later than July 30, 2011 any amounts transferred
19from the Water Revolving Fund or the General Obligation Bond
20Retirement and Interest Fund under the authority of this
21Section shall be transferred back and receipted by the General
22Revenue Fund and the Healthcare and Provider Relief Fund. These
23transfers back to the funds of origin shall be made and
24receipted notwithstanding any other State law to the contrary.
25    If the General Revenue Fund has insufficient cash from
26which the State Comptroller may make repayments to the Water

 

 

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1Revolving Fund or the General Obligation Bond Retirement and
2Interest Fund in order to satisfy any immediate federal or
3State obligations, then the Governor, the State Treasurer, and
4the State Comptroller shall transfer from special funds of the
5State, excluding the Road Fund, to the extent allowed by
6federal law, to the Water Revolving Fund or the General
7Obligation Bond Retirement and Interest Fund only such amount
8as is immediately necessary to satisfy outstanding expenditure
9obligations on a timely basis, subject to provisions of the
10State Prompt Payment Act. No transfer may be made from a fund
11under this Section that would have the effect of reducing the
12available balance in the fund to an amount less than the amount
13remaining unexpended and unreserved from the total
14appropriation from that fund estimated to be expended for the
15months of July and August 2011. Notwithstanding any other
16provision of this Section, no such transfer may be made from
17any special fund that is exclusively collected by or
18appropriated to any other constitutional officer without the
19written approval of that constitutional officer. Any moneys
20transferred pursuant to this subsection shall be repaid from
21the General Revenue Fund to the fund of origin by August 31,
222011.
 
23    Section 10. Interest payable to the Water Revolving Fund
24and the General Obligation Bond Retirement and Interest Fund.
25As soon as practical after all amounts initially transferred

 

 

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1from the Water Revolving Fund and the General Obligation Bond
2Retirement and Interest Fund have been transferred back
3pursuant to Section 5 of this Act, the State Treasurer shall
4calculate the amounts of interest that would have accrued to
5any special State fund that transferred moneys into the General
6Revenue Fund for the purposes of this Act if those transfers
7had not occurred and transfer those amounts from the General
8Revenue Fund to those special funds of the State.
 
9    Section 15. Prohibition on payments to contractors. No
10fees or expenses shall be paid by the State to any contractual
11legal counsel, financial advisor, or other consultant or
12contractor in relation to the actions authorized pursuant to
13this Act.
 
14    Section 99. Effective date. This Act takes effect upon
15becoming law.".