CIRCUIT BREAKER-RX DRUG REBATE

Amends the State Finance Act and the Senior Citizens and Disabled Persons Property Tax Relief and Pharmaceutical Assistance Act. Provides that beginning July 1, 2004, the Department of Revenue shall by rule expand the classes of drugs covered under the pharmaceutical assistance program beyond those covered as of January 1, 2003, subject to appropriations. Requires the Department to negotiate and enter into agreements with drug manufacturers for rebates in excess of those received by the State as a result of contracts with third parties on January 1, 2003. Provides for the deposit of those rebates and other moneys into the Prescription Drug Assistance Fund, which is created as a special fund in the State treasury, and for the appropriation of moneys in the fund for the purpose of expanding the classes of drugs covered under the pharmaceutical assistance program beyond those covered as of January 1, 2003. Effective immediately.