{"data":{"id":"us-il/305-ilcs-5-5j-30","jurisdiction":"us-il","citation":"305 ILCS 5/5J-30","heading":"Distressed Hospital Loan Program Fund.","body":"(This Section may contain text from a Public Act with a delayed effective date)\n(Section scheduled to be repealed on June 30, 2033)\n(a) The Distressed Hospital Loan Program Fund is created as a special fund in the State treasury.\n(b) Subject to appropriation, the Department may make secured and unsecured loans from amounts in the Distressed Hospital Loan Program Fund to a hospital, or a governmental entity representing a closed hospital, for purposes of preventing the hospital's closure in accordance with the provisions of this Article.\n(c) On January 1, 2027, or as soon thereafter as practical, the State Comptroller shall direct and the State Treasurer shall transfer, at the direction of the Director of the Department, an amount not to exceed $85,000,000 from the Healthcare Provider Relief Fund to the Distressed Hospital Loan Program Fund.\n(d) All moneys accruing to the Department under this Article from any source, including, but not limited to, all amounts repaid under the terms of any loan agreements, shall be deposited into the Fund.\n(e) On June 30, 2033, or as soon thereafter as practical, the State Comptroller shall direct and the State Treasurer shall transfer the remaining balance in the Distressed Hospital Loan Program Fund to the Healthcare Provider Relief Fund. Upon completion of the transfers, the Distressed Hospital Loan Program Fund is dissolved and any outstanding obligations or liabilities of the Fund pass to the Healthcare Provider Relief Fund. The Department shall deposit all subsequent loan repayments or medical assistance program or other reimbursements withheld for due cause in accordance with this Article into the Healthcare Provider Relief Fund.\n(f) The Department may require any hospital receiving a loan under this Article to provide the Department with an independent financial audit of the hospital's operations for any fiscal year in which a loan is outstanding.","path":["CHAPTER 305 PUBLIC AID","Illinois Public Aid Code."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=1413\u0026ChapterID=28\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:32Z","sha256":"8d87607f539ff1ecdcc146d6f759fc75d120e7f79e16573b2a83e3169e3fe3e7","source_id":"us-il","stale":false,"prev":"us-il/305-ilcs-5-5j-25","next":"us-il/305-ilcs-5-5j-35"},"notice":"GroundRules: Original legal text. Not legal advice."}