20 ILCS 4050

in effect

20 ILCS 4050/1

(20 ILCS 4050/1) (For Act Repeal see Section 30) Sec. 1. Short title. This Act may be cited as the Hospital Basic Services Preservation Act. (Source: P.A. 94-648, eff. 1-1-06.)

(20 ILCS 4050/5) (For Act Repeal see Section 30) Sec. 5. Definitions. As used in this Act: "Basic services" means emergency room and obstetrical services provided within a hospital. "Basic services" is limited to the emergency and obstetric units and services provided by those units. "Eligible expenses" means expenses for expanding obstetrical or emergency units, updating equipment, repairing essential equipment, and purchasing new equipment that will increase the quality of basic services provided. "Eligible expenses" does not include expenses related to cosmetic upgrades, staff expansion or salary, or structural expansion of any unit or department of a hospital other than obstetrical or emergency units. "Essential community hospital provider" means a facility meeting criteria established by rule by the State Treasurer. (Source: P.A. 94-648, eff. 1-1-06; 95-707, eff. 1-11-08.)

20 ILCS 4050/7 Hospital Basic Services Review Board

(20 ILCS 4050/7) (For Act Repeal see Section 30) Sec. 7. Hospital Basic Services Review Board. (a) The Hospital Basic Services Review Board is created for the purpose of reviewing and recommending to the State Treasurer essential community hospitals seeking collateralization of basic service loans for eligible expenses related to completing, attaining, or upgrading basic services. (b) The Board shall consist of 5 members as follows: one member appointed by the Governor; one member appointed by the Speaker of the House of Representatives; one member appointed by the President of the Senate; one member appointed by the Minority Leader of the House of Representatives; and one member appointed by the Minority Leader of the Senate. The members of the Board shall serve at the pleasure of their appointing authorities. Vacancies shall be filled in the same manner as the original appointment. (c) The Department of Public Health shall provide staff assistance to the Board as is reasonably required in order for the Board to carry out its responsibilities. (Source: P.A. 94-648, eff. 1-1-06.)

20 ILCS 4050/10 Hospital Basic Services Preservation Fund

(20 ILCS 4050/10) (For Act Repeal see Section 30) Sec. 10. Hospital Basic Services Preservation Fund. (a) There is created in the State treasury the Hospital Basic Services Preservation Fund. The Fund shall be administered by the State Treasurer to collateralize loans from financial institutions for capital projects necessary to maintain certain basic services required for the efficient and effective operation of essential community hospital providers who otherwise may not be able to meet financial institution credit standards for issuance of a standard commercial loan. The Fund shall consist of all public and private moneys donated or transferred to the Fund for the purpose of enabling essential community hospitals to continue to provide basic quality health care services that are subject to and meet standards of need under the Health Facilities Planning Act. All public funds deposited into the Fund shall be subject to appropriation by the General Assembly. (b) If the State Treasurer determines that any public moneys in the Hospital Basic Services Preservation Fund are no longer necessary to collateralize loans from financial institutions under this Section, the Treasurer may transfer any unobligated and unexpended moneys from the Hospital Basic Services Preservation Fund into the General Revenue Fund. If all amounts from every collateralization of basic service loans from eligible expenses related to completing, attaining, or upgrading basic services under existing agreements have been returned to the Hospital Basic Services Preservation Fund and have been transferred by the State Treasurer into the General Revenue Fund, the Treasurer shall file with the Index Department of the Office of the Secretary of State a declaration to that effect and shall notify the Clerk of the House of Representatives, the Secretary of the Senate, and the Legislative Reference Bureau of the filing of the declaration. Upon such filing and notification, this Act is repealed as provided in Section 30 of this Act. (Source: P.A. 98-438, eff. 8-16-13.)

20 ILCS 4050/15

(20 ILCS 4050/15) (For Act Repeal see Section 30) Sec. 15. Basic services loans. (a) Essential community hospitals seeking collateralization of loans under this Act must apply to the Health Facilities and Services Review Board on a form prescribed by the Health Facilities and Services Review Board by rule. The Health Facilities and Services Review Board shall review the application and, if it approves the applicant's plan, shall forward the application and its approval to the Hospital Basic Services Review Board. (b) Upon receipt of the applicant's application and approval from the Health Facilities and Services Review Board, the Hospital Basic Services Review Board shall request from the applicant and the applicant shall submit to the Hospital Basic Services Review Board all of the following information: (1) A copy of the hospital's last audited financial statement. (2) The percentage of the hospital's patients each year who are Medicaid patients. (3) The percentage of the hospital's patients each year who are Medicare patients. (4) The percentage of the hospital's patients each year who are uninsured. (5) The percentage of services provided by the hospital each year for which the hospital expected payment but for which no payment was received. (6) Any other information required by the Hospital Basic Services Review Board by rule. The Hospital Basic Services Review Board shall review the applicant's original application, the approval of the Health Facilities and Services Review Board, and the information provided by the applicant to the Hospital Basic Services Review Board under this Section and make a recommendation to the State Treasurer to accept or deny the application. (c) If the Hospital Basic Services Review Board recommends that the application be accepted, the State Treasurer may collateralize the applicant's basic service loan for eligible expenses related to completing, attaining, or upgrading basic services, including, but not limited to, delivery, installation, staff training, and other eligible expenses as defined by the State Treasurer by rule. The total cost for any one project to be undertaken by the applicants shall not exceed $10,000,000 and the amount of each basic services loan collateralized under this Act shall not exceed $5,000,000. Expenditures related to basic service loans shall not exceed the amount available in the Fund necessary to collateralize the loans. The terms of any basic services loan collateralized under this Act must be approved by the State Treasurer in accordance with standards established by the State Treasurer by rule. (Source: P.A. 96-31, eff. 6-30-09.)

20 ILCS 4050/20

(20 ILCS 4050/20) (For Act Repeal see Section 30) Sec. 20. Responsibility of hospitals. Each hospital that receives a loan collateralized under this Act shall take the necessary measures, as defined by the State Treasurer by rule, to account for all moneys and to ensure that they are spent on the basic services for which the loan was approved. (Source: P.A. 94-648, eff. 1-1-06; 95-707, eff. 1-11-08.)

20 ILCS 4050/25 Rules

(20 ILCS 4050/25) (For Act Repeal see Section 30) Sec. 25. Rules. The State Treasurer shall promulgate rules necessary for the administration of this Act. (Source: P.A. 94-648, eff. 1-1-06.)

20 ILCS 4050/30 Repealer

(20 ILCS 4050/30) (For Act Repeal see Section 30) Sec. 30. Repealer. This Act is repealed upon the occurrence of the conditions set forth in subsection (b) of Section 10 of this Act. (Source: P.A. 98-438, eff. 8-16-13.)

20 ILCS 4050/90

(20 ILCS 4050/90) Sec. 90. (Amendatory provisions; text omitted). (Source: P.A. 94-648, eff. 1-1-06; text omitted.)

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026