Bill > SB2539

This bill appropriates funds for the Illinois Department of Insurance for the fiscal year beginning July 1, 2025, drawing from multiple specialized funds to support various departmental operations and initiatives. The bill allocates money from five different funds: the Insurance Producer Administration Fund (totaling approximately $37.2 million), which covers producer administration and healthcare access; the Insurance Financial Regulation Fund (totaling about $38.9 million), which supports financial regulation and operations; the Public Pension Regulation Fund (totaling $3 million), which covers pension division expenses; the Illinois Workers' Compensation Commission Operations Fund ($3.2 million) for anti-fraud program administration; the Parity Advancement Fund ($2 million) for consumer education and parity compliance; and the Illinois Health Benefits Exchange Fund ($39.3 million) for exchange implementation. The appropriations cover a wide range of expenses including personal services, state employee retirement contributions, social security contributions, group insurance, contractual services, travel, equipment, electronic data processing, and specific operational costs for divisions like healthcare access, fraud prevention, and benefits exchange. The bill specifies that these funds can be used flexibly, with agencies able to spend "so much thereof as may be necessary" for their designated purposes, and it will take effect on July 1, 2025.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2539&GAID=18&DocTypeID=SB&SessionID=114&GA=104