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91_HB2128
LRB9102379SMdv
1 AN ACT concerning the distribution of tobacco litigation
2 settlement proceeds.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The State Finance Act is amended by adding
6 Sections 5.490 and 6z-43 as follows:
7 (30 ILCS 105/5.490 new)
8 Sec. 5.490. Tobacco Settlement Recovery Fund.
9 (30 ILCS 105/6z-43 new)
10 Sec. 6z-43. Tobacco Settlement Recovery Fund. There is
11 created in the State Treasury a special fund to be known
12 as the Tobacco Settlement Recovery Fund into which shall
13 be deposited all monies paid to the State pursuant to
14 (1) the Master Settlement Agreement entered in the case of
15 People of the State of Illinois v. Philip Morris, et al.
16 (Circuit Court of Cook County, No. 96-L13146) and (2) any
17 settlement with or judgment against any tobacco product
18 manufacturer other than one participating in the Master
19 Settlement Agreement in satisfaction of any released claim as
20 defined in the Master Settlement Agreement, as well as any
21 other monies as provided by law. All earnings on Fund
22 investments shall be deposited into the Fund. The moneys in
23 the Fund shall be used as provided in Section 5-5.22 of the
24 Illinois Public Aid Code and as otherwise provided by law.
25 Section 10. The Illinois Public Aid Code is amended by
26 adding Section 5-5.22 as follows:
27 (305 ILCS 5/5-5.22 new)
28 Sec. 5-5.22. Replacement of nursing home licensed bed
-2- LRB9102379SMdv
1 fee with tobacco settlement proceeds. Beginning on January
2 1, 2000 and on the first day of each month thereafter, the
3 State Comptroller shall order transferred and the State
4 Treasurer shall transfer from the Tobacco Settlement Recovery
5 Fund to the Long-Term Care Provider Fund, the existing
6 balance in the Tobacco Settlement Recovery Fund until at
7 least $55,000,000 has been transferred to the Long-Term Care
8 Provider Fund during that fiscal year. The transferred money
9 shall replace the nursing home licensed day bed fee imposed
10 by Article 5E which is repealed by this amendatory Act of the
11 91st General Assembly.
12 (305 ILCS 5/Art. 5E rep.)
13 Section 15. The Illinois Public Aid Code is amended by
14 repealing Article V-E.