State of Illinois
91st General Assembly

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 1                    AMENDMENT TO HOUSE BILL 1792

 2        AMENDMENT NO.     .  Amend House Bill 1792  by  replacing
 3    the title with the following:
 4        "AN  ACT  to  amend  the  Hospital District Law by adding
 5    Section 26."; and

 6    by replacing everything after the enacting  clause  with  the
 7    following:

 8        "Section  5.  The  Hospital  District  Law  is amended by
 9    adding Section 26 as follows:

10        (70 ILCS 910/26 new)
11        Sec. 26.  Dissolution of district; distribution of moneys
12    in district treasury.  If a hospital  district  is  dissolved
13    under  Section 25 and it has moneys in its treasury, prior to
14    the time business and  affairs  of  the  district  have  been
15    closed up, the board of directors may propose an ordinance to
16    distribute  the  moneys  to a not-for-profit organization for
17    the purpose  of  providing  medical  school  scholarships  to
18    residents  of the territory that was included in the district
19    at the time the district was  dissolved.   If  the  board  of
20    directors  proposes  the  ordinance,  the  board shall hold a
                            -2-            LRB9103157MWgcam01
 1    public hearing on the ordinance.  Notice of the hearing shall
 2    be given by publication, not less than  10  days  before  the
 3    hearing,  in  a  newspaper  of general circulation within the
 4    district.  After holding the hearing, the board of  directors
 5    may   adopt   an  ordinance  directing  that  the  moneys  be
 6    transferred to the not-for-profit organization.".

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