SB2002eng 96TH GENERAL ASSEMBLY

SB2002 Engrossed LRB096 11020 DRJ 21308 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.