92nd General Assembly
Summary of SB1071
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Senate Sponsors:
GEO-KARIS-RADOGNO.

Short description: 
TREAS-AFFORDABLE RX DRUGS                                                  

Synopsis of Bill as introduced:
        Creates the Affordable Prescription Drugs for  Illinois  Act  and      
   amends  the  State  Finance  Act.    Authorizes the State Treasurer to      
   implement the Affordable Prescription Drugs for  Illinois  Program  to      
   make   more   affordable  prescription  drugs  available  to  Illinois      
   residents who are under age 18, who are age 65 or older, or  who  have      
   catastrophic  health  problems.   Limits prices that may be charged to      
   senior citizens for prescription drugs.  Requires  drug  manufacturers      
   to  enter  into  rebate  agreements  with  the Treasurer.  Creates the      
   Affordable Prescription Drugs for Illinois Program Fund  and  provides      
   for  a  transfer  of  $30,000,000  from GRF into the fund to reimburse      
   pharmacies that participate in the program.  Effective July 1, 2001.        
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status