How HB 3413 changes current law

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill clarifies that the Teacher Health Insurance Security Fund and associated transfers from the General Revenue Fund are not subject to certain fiscal reserve requirements.

• 5 ILCS 375/6.5

  Neither the Teacher Health Insurance Security Fund nor moneys that are to be transferred from the General Revenue Fund into the Teacher Health Insurance Security Fund are subject to provisions in the Emergency Budget Act or provisions of the Illinois Income Tax Act authorizing the Governor to set aside reserves.

  This provision exempts the Teacher Health Insurance Security Fund from reserve requirements under existing budget laws.