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| 1 | AN ACT concerning hospitals.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 4 | Section 1. Short title. This Act may be cited as the | ||||||
| 5 | Hospital Basic Services Preservation Act. | ||||||
| 6 | Section 5. Definitions. As used in this Act: | ||||||
| 7 | "Basic services" means emergency room and obstetrical | ||||||
| 8 | services provided within a hospital. "Basic services" is | ||||||
| 9 | limited to the emergency and obstetric units and services | ||||||
| 10 | provided by those units. | ||||||
| 11 | "Eligible expenses" means expenses for expanding | ||||||
| 12 | obstetrical or emergency units, updating equipment, repairing | ||||||
| 13 | essential equipment, and purchasing new equipment that will | ||||||
| 14 | increase the quality of basic services provided. "Eligible | ||||||
| 15 | expenses" does not include expenses related to cosmetic | ||||||
| 16 | upgrades, staff expansion or salary, or structural expansion of | ||||||
| 17 | any unit or department of a hospital. | ||||||
| 18 |
"Essential community hospital provider" means a facility | ||||||
| 19 | meeting criteria established by rule by the State Treasurer.
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| 20 | Section 10. Hospital Basic Services Preservation Fund.
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| 21 | There is created in the State treasury the Hospital Basic | ||||||
| 22 | Services Preservation Fund. The Fund shall be administered by | ||||||
| 23 | the State Treasurer to collateralize loans from financial | ||||||
| 24 | institutions for capital projects necessary to maintain | ||||||
| 25 | certain basic services required for the efficient and effective | ||||||
| 26 | operation of essential community hospital providers who | ||||||
| 27 | otherwise may not be able to meet financial institution credit | ||||||
| 28 | standards for issuance of a standard commercial loan. The Fund | ||||||
| 29 | shall consist of all public and private moneys donated or | ||||||
| 30 | transferred to the Fund for the purpose of enabling essential | ||||||
| 31 | community hospitals to continue to provide basic quality health | ||||||
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| 1 | care services that are subject to and meet standards of need | ||||||
| 2 | under the Health Facilities Planning Act. All public funds | ||||||
| 3 | deposited into the Fund shall be subject to appropriation by | ||||||
| 4 | the General Assembly. | ||||||
| 5 | Section 15. Basic services loans. The State Treasurer may | ||||||
| 6 | collateralize basic service loans for essential community | ||||||
| 7 | hospitals for eligible expenses related to completing, | ||||||
| 8 | attaining, or upgrading basic services, including, but not | ||||||
| 9 | limited to, delivery, installation, staff training, and other | ||||||
| 10 | eligible expenses as defined by the State Treasurer by rule. | ||||||
| 11 | Applicants for collateralization of loans under this Act must | ||||||
| 12 | show proof of approval by the Illinois Health Facilities | ||||||
| 13 | Planning Board for any project to be collateralized under this | ||||||
| 14 | Act. The total cost for any one project to be undertaken by the | ||||||
| 15 | applicants shall not exceed $10,000,000 and the amount of each | ||||||
| 16 | basic services loan collateralized under this Act shall not | ||||||
| 17 | exceed $5,000,000. Expenditures related to basic service loans | ||||||
| 18 | shall not exceed the amount available in the Fund necessary to | ||||||
| 19 | collateralize the loans. The terms of any basic services loan | ||||||
| 20 | collateralized under this Act must be approved by the State | ||||||
| 21 | Treasurer in accordance with standards established by the | ||||||
| 22 | Treasurer by rule. Loans extended by a financial institution | ||||||
| 23 | and collateralized under this Act may be in the form of | ||||||
| 24 | collateralized loans or in the form of subordinated debt. | ||||||
| 25 | Section 20. Responsibility of hospitals. Each hospital | ||||||
| 26 | that receives a loan collateralized under this Act shall take | ||||||
| 27 | the necessary measures, as defined by the Treasurer by rule, to | ||||||
| 28 | account for all moneys and to ensure that they are spent on the | ||||||
| 29 | basic services for which the loan was approved. Any hospital | ||||||
| 30 | receiving a loan collateralized under this Act is not eligible | ||||||
| 31 | for collateralization of another basic services loan under this | ||||||
| 32 | Act within 10 years after the deposit of funds awarded under | ||||||
| 33 | the first collateralized loan. | ||||||
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| 1 | Section 25. Rules. The State Treasurer shall promulgate | ||||||
| 2 | rules necessary for the administration of this Act, including | ||||||
| 3 | rules concerning the criteria, standards, and procedures for | ||||||
| 4 | loans collateralized under this Act.
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| 5 | Section 90. The State Finance Act is amended by adding | ||||||
| 6 | Section
5.640 as follows:
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| 7 | (30 ILCS 105/5.640 new)
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| 8 | Sec. 5.640. The Hospital Basic Services Preservation Fund.
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