|
|
|
|
SB2218 Engrossed |
|
LRB093 15845 RCE 41462 b |
|
|
| 1 |
| AN ACT regarding finance.
|
| 2 |
| Be it enacted by the People of the State of Illinois, |
| 3 |
| represented in the General Assembly:
|
| 4 |
| Section 5. The State Finance Act is amended by changing
|
| 5 |
| Section 5e as follows:
|
| 6 |
| (30 ILCS 105/5e) (from Ch. 127, par. 141e)
|
| 7 |
| Sec. 5e. The Governor, in his or her discretion, when he or |
| 8 |
| she
deems
it necessary
for payments of the State's obligations, |
| 9 |
| may authorize transfers from the
Road Fund to the State |
| 10 |
| Construction Account Fund. Any amount so
transferred shall be |
| 11 |
| retransferred from the State Construction Account Fund
to the |
| 12 |
| Road Fund by the end of the fiscal year in which the transfer |
| 13 |
| was
made. The transfers out of the Road Fund shall not exceed |
| 14 |
| $35,000,000 in
any fiscal year. No transfers from the Road Fund |
| 15 |
| which impair the
obligations of the State shall be authorized. |
| 16 |
| The Comptroller and the
Treasurer, upon receipt of |
| 17 |
| authorization from the Governor, shall make
transfers in |
| 18 |
| accordance with this Section. In the event the Governor fails
|
| 19 |
| to authorize the retransfer into the Road Fund as required by |
| 20 |
| this Section,
the Comptroller and the Treasurer shall make such |
| 21 |
| retransfer.
|
| 22 |
| (Source: P.A. 84-431.)
|