Illinois General Assembly - Bill Status for SB1506
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 Bill Status of SB1506  9th General Assembly


Short Description:  HOSPITAL BASIC SERVICES FUND

Senate Sponsors
Sen. Emil Jones, III

Last Action
DateChamber Action
  1/13/2015SenateSession Sine Die

Statutes Amended In Order of Appearance
20 ILCS 4050/10
20 ILCS 4050/30 new
30 ILCS 105/5.659 rep.


Synopsis As Introduced
Amends the Hospital Basic Services Preservation Act. Provides that if the State Treasurer determines that any public moneys in the Hospital Basic Services Preservation Fund are no longer necessary to collateralize loans from financial institutions, then the Treasurer may transfer any unobligated and unexpended moneys from the Hospital Basic Services Preservation Fund into the General Revenue Fund. Further provides that if all amounts from every collateralization of basic service loans from eligible expenses related to completing, attaining, or upgrading basic services under existing agreements have been returned to the Hospital Basic Services Preservation Fund and have been transferred by the State Treasurer into the General Revenue Fund, the Treasurer shall file a declaration with the Index Department of the Office of the Secretary of State. Contains a repealer provision. Amends the State Finance Act. Repeals a provision that creates the Hospital Basic Services Preservation Fund in the State Treasury once the Hospital Basic Services Preservation Act is repealed. Effective immediately.

Actions 
DateChamber Action
  2/7/2013SenateFiled with Secretary by Sen. Emil Jones, III
  2/7/2013SenateFirst Reading
  2/7/2013SenateReferred to Assignments
  2/14/2013SenateAssigned to State Government and Veterans Affairs
  2/28/2013SenatePostponed - State Government and Veterans Affairs
  3/6/2013SenatePostponed - State Government and Veterans Affairs
  3/13/2013SenatePostponed - State Government and Veterans Affairs
  3/20/2013SenatePostponed - State Government and Veterans Affairs
  3/22/2013SenateRule 3-9(a) / Re-referred to Assignments
  1/13/2015SenateSession Sine Die

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