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1 | AN ACT concerning finance.
| ||||||||||||||||||||||||||||||||||||
2 | Be it enacted by the People of the State of Illinois,
| ||||||||||||||||||||||||||||||||||||
3 | represented in the General Assembly:
| ||||||||||||||||||||||||||||||||||||
4 | Section 5. The Downstate Public Transportation Act is | ||||||||||||||||||||||||||||||||||||
5 | amended by changing Sections 2-2.02, 2-2.04, 2-3, 2-6, 2-7, and | ||||||||||||||||||||||||||||||||||||
6 | 2-15 as follows:
| ||||||||||||||||||||||||||||||||||||
7 | (30 ILCS 740/2-2.02) (from Ch. 111 2/3, par. 662.02)
| ||||||||||||||||||||||||||||||||||||
8 | Sec. 2-2.02. "Participant" means:
| ||||||||||||||||||||||||||||||||||||
9 | (1) a city, village, or incorporated
town, or a local mass | ||||||||||||||||||||||||||||||||||||
10 | transit district organized under the Local Mass Transit
| ||||||||||||||||||||||||||||||||||||
11 | District Act (a) serving an urbanized area of over 50,000 | ||||||||||||||||||||||||||||||||||||
12 | population on
December 28, 1989, (b) receiving State mass | ||||||||||||||||||||||||||||||||||||
13 | transportation operating assistance
pursuant to the Downstate | ||||||||||||||||||||||||||||||||||||
14 | Public Transportation Act during Fiscal Year 1979, or
(c) | ||||||||||||||||||||||||||||||||||||
15 | serving a nonurbanized area and receiving federal rural public
| ||||||||||||||||||||||||||||||||||||
16 | transportation assistance on or before June 30, 2002; or
| ||||||||||||||||||||||||||||||||||||
17 | (2) any Metro-East Transit District established
pursuant | ||||||||||||||||||||||||||||||||||||
18 | to Section 3 of the Local Mass Transit District Act and serving | ||||||||||||||||||||||||||||||||||||
19 | one or
more of the Counties of Madison, Monroe, and St. Clair | ||||||||||||||||||||||||||||||||||||
20 | during Fiscal Year 1989,
all located outside the boundaries of | ||||||||||||||||||||||||||||||||||||
21 | the Regional Transportation Authority as
established pursuant | ||||||||||||||||||||||||||||||||||||
22 | to the Regional Transportation Authority Act ; or
.
| ||||||||||||||||||||||||||||||||||||
23 | (3) any West Central Transit District established under the | ||||||||||||||||||||||||||||||||||||
24 | Local Mass Transit District and serving Morgan and Scott | ||||||||||||||||||||||||||||||||||||
25 | counties.
| ||||||||||||||||||||||||||||||||||||
26 | (Source: P.A. 91-357, eff. 7-29-99; 92-258, eff. 8-7-01; | ||||||||||||||||||||||||||||||||||||
27 | 92-464, eff.
8-22-01.)
| ||||||||||||||||||||||||||||||||||||
28 | (30 ILCS 740/2-2.04) (from Ch. 111 2/3, par. 662.04)
| ||||||||||||||||||||||||||||||||||||
29 | Sec. 2-2.04. "Eligible operating expenses" means all | ||||||||||||||||||||||||||||||||||||
30 | expenses required
for public transportation, including | ||||||||||||||||||||||||||||||||||||
31 | employee wages and benefits,
materials, fuels, supplies, |
| |||||||
| |||||||
1 | rental of facilities, taxes other than income
taxes, payment | ||||||
2 | made for debt service (including principal and interest) on
| ||||||
3 | publicly owned equipment or facilities, and any other | ||||||
4 | expenditure which is
an operating expense according to standard | ||||||
5 | accounting practices for the
providing of public | ||||||
6 | transportation. Eligible operating expenses shall not
include | ||||||
7 | allowances: (a) for depreciation whether funded or unfunded; | ||||||
8 | (b)
for amortization of any intangible costs; (c) for debt | ||||||
9 | service on capital
acquired with the assistance of capital | ||||||
10 | grant funds provided by the State
of Illinois; (d) for profits | ||||||
11 | or return on investment; (e) for excessive
payment to | ||||||
12 | associated entities; (f) for Comprehensive Employment Training
| ||||||
13 | Act expenses; (g) for costs reimbursed under Sections 6 and 8 | ||||||
14 | of the "Urban
Mass Transportation Act of 1964", as amended; (h) | ||||||
15 | for entertainment
expenses; (i) for charter expenses; (j) for | ||||||
16 | fines and penalties; (k) for
charitable donations; (l) for | ||||||
17 | interest expense on long term borrowing and
debt retirement | ||||||
18 | other than on publicly owned equipment or facilities; (m)
for | ||||||
19 | income taxes; or (n) for such other expenses as the Department | ||||||
20 | may
determine consistent with federal Department of | ||||||
21 | Transportation regulations
or requirements.
| ||||||
22 | With respect to participants other than any Metro-East | ||||||
23 | Transit District
participant , any West Central Transit | ||||||
24 | District participant, and those receiving federal research | ||||||
25 | development and demonstration
funds pursuant to Section 6 of | ||||||
26 | the "Urban Mass Transportation Act of 1964",
as amended, during | ||||||
27 | the fiscal year ending June 30, 1979, the maximum eligible
| ||||||
28 | operating expenses for any such participant in any fiscal year | ||||||
29 | after Fiscal
Year 1980 shall be the amount appropriated for | ||||||
30 | such participant for the
fiscal year ending June 30, 1980, plus | ||||||
31 | in each year a 10% increase over
the maximum established for | ||||||
32 | the preceding fiscal year. For Fiscal Year
1980 the maximum | ||||||
33 | eligible operating expenses for any such participant shall
be | ||||||
34 | the amount of projected operating expenses upon which the | ||||||
35 | appropriation
for such participant for Fiscal Year 1980 is | ||||||
36 | based.
|
| |||||||
| |||||||
1 | With respect to participants receiving federal research | ||||||
2 | development and
demonstration operating assistance funds for | ||||||
3 | operating assistance pursuant
to Section 6 of the "Urban Mass | ||||||
4 | Transportation Act of 1964", as amended,
during the fiscal year | ||||||
5 | ending June 30, 1979, the maximum eligible operating
expenses | ||||||
6 | for any such participant in any fiscal year after Fiscal Year | ||||||
7 | 1980
shall not exceed such participant's eligible operating | ||||||
8 | expenses for the
fiscal year ending June 30, 1980, plus in each | ||||||
9 | year a 10% increase over
the maximum established for the | ||||||
10 | preceding fiscal year. For Fiscal Year
1980, the maximum | ||||||
11 | eligible operating expenses for any such participant shall
be | ||||||
12 | the eligible operating expenses incurred during such fiscal | ||||||
13 | year, or
projected operating expenses upon which the | ||||||
14 | appropriation for such participant
for the Fiscal Year 1980 is | ||||||
15 | based; whichever is less.
| ||||||
16 | With respect to all participants other than any Metro-East | ||||||
17 | Transit
District participant or any West Central Transit | ||||||
18 | District , the maximum eligible operating expenses for any such
| ||||||
19 | participant in any fiscal year after Fiscal Year 1985 shall be | ||||||
20 | the amount
appropriated for such participant for the fiscal | ||||||
21 | year ending June 30, 1985,
plus in each year a 10% increase | ||||||
22 | over the maximum established for the preceding
year. For Fiscal | ||||||
23 | Year 1985, the maximum eligible operating expenses for
any such | ||||||
24 | participant shall be the amount of projected operating expenses
| ||||||
25 | upon which the appropriation for such participant for Fiscal | ||||||
26 | Year 1985 is
based.
| ||||||
27 | With respect to any mass transit district participant that | ||||||
28 | has increased
its district boundaries by annexing counties | ||||||
29 | since 1998 and is maintaining a
level of local financial | ||||||
30 | support, including all income and revenues, equal to
or greater | ||||||
31 | than the level in the State fiscal year ending June 30, 2001, | ||||||
32 | the
maximum eligible operating expenses for any State fiscal | ||||||
33 | year after 2002 shall
be the amount appropriated for that | ||||||
34 | participant for the State fiscal year
ending June 30, 2002, | ||||||
35 | plus, in each State fiscal year, a 10% increase over the
| ||||||
36 | preceding State fiscal year. For State fiscal year 2002, the |
| |||||||
| |||||||
1 | maximum eligible
operating expenses for any such participant | ||||||
2 | shall be the amount of projected
operating expenses upon which | ||||||
3 | the appropriation for that participant for State
fiscal year | ||||||
4 | 2002 is based. For that participant, eligible operating | ||||||
5 | expenses
for State fiscal year 2002 in excess of the eligible | ||||||
6 | operating expenses for the
State fiscal year ending June 30, | ||||||
7 | 2001, plus 10%, must be attributed to the
provision of services | ||||||
8 | in the newly annexed counties.
| ||||||
9 | With respect to a participant that receives an initial | ||||||
10 | appropriation in State
fiscal year 2002, the maximum eligible | ||||||
11 | operating expenses for any State fiscal
year after 2003 shall | ||||||
12 | be the amount appropriated for that participant for the
State | ||||||
13 | fiscal year ending June 30, 2003, plus, in each year, a 10% | ||||||
14 | increase over
the preceding year. For State fiscal year 2003, | ||||||
15 | the maximum eligible operating
expenses for any such | ||||||
16 | participant shall be the amount of projected operating
expenses | ||||||
17 | upon which the appropriation for that participant for State | ||||||
18 | fiscal
year 2003 is based.
| ||||||
19 | (Source: P.A. 92-258, eff. 8-7-01; 92-464, eff. 8-22-01; | ||||||
20 | 92-651, eff.
7-11-02.)
| ||||||
21 | (30 ILCS 740/2-3) (from Ch. 111 2/3, par. 663)
| ||||||
22 | Sec. 2-3. Downstate Public Transportation Fund.
| ||||||
23 | (a) As soon as possible after the first day of each month,
| ||||||
24 | beginning July 1, 1984, upon certification of the Department of | ||||||
25 | Revenue,
the Comptroller shall order transferred, and the | ||||||
26 | Treasurer shall
transfer, from the General Revenue Fund to a | ||||||
27 | special fund in the State
Treasury which is hereby created, to | ||||||
28 | be known as the "Downstate Public
Transportation Fund", an | ||||||
29 | amount equal to 2/32 of the net revenue
realized from the | ||||||
30 | "Retailers' Occupation Tax Act", as now or hereafter
amended, | ||||||
31 | the "Service Occupation Tax Act", as now or hereafter amended,
| ||||||
32 | the "Use Tax Act", as now or hereafter amended, and the | ||||||
33 | "Service Use Tax
Act", as now or hereafter amended, from | ||||||
34 | persons incurring municipal or
county retailers' or service | ||||||
35 | occupation tax liability for the benefit of
any municipality or |
| |||||||
| |||||||
1 | county located wholly within the boundaries of each
participant | ||||||
2 | other than any Metro-East Transit District participant
or any | ||||||
3 | West Central District participant certified pursuant to | ||||||
4 | subsection (c) of this Section during the
preceding month, | ||||||
5 | except that the Department shall pay into the Downstate
Public | ||||||
6 | Transportation Fund 2/32 of 80% of the net revenue realized | ||||||
7 | under
the State tax Acts named above within any municipality or | ||||||
8 | county located
wholly within the boundaries of each | ||||||
9 | participant, other than (i) any Metro-East
participant, for tax | ||||||
10 | periods beginning on or after January 1, 1990 or (ii) any West | ||||||
11 | Central District participant, for tax periods beginning on or | ||||||
12 | after January 1, 2006 ;
provided, however, that beginning with | ||||||
13 | fiscal year 1985,
the transfers into the Downstate Public | ||||||
14 | Transportation Fund during any
fiscal year shall not exceed the | ||||||
15 | annual appropriation from the Downstate
Public Transportation | ||||||
16 | Fund for that year. The Department of Transportation
shall | ||||||
17 | notify the Department of Revenue and the Comptroller at the | ||||||
18 | beginning
of each fiscal year of the amount of the annual | ||||||
19 | appropriation from the
Downstate Public Transportation Fund.
| ||||||
20 | Net revenue realized for a month shall be the revenue
collected | ||||||
21 | by the State pursuant to such Acts during the previous month
| ||||||
22 | from persons incurring municipal or county retailers' or | ||||||
23 | service
occupation tax liability for the benefit of any | ||||||
24 | municipality or county
located wholly within the boundaries of | ||||||
25 | a participant, less the amount
paid out during that same month | ||||||
26 | as refunds or credit memoranda to
taxpayers for overpayment of | ||||||
27 | liability under such Acts for the benefit
of any municipality | ||||||
28 | or county located wholly within the boundaries of a
| ||||||
29 | participant.
| ||||||
30 | (b) As soon as possible after the first day of each month, | ||||||
31 | beginning
July 1, 1989, upon certification of the Department of | ||||||
32 | Revenue, the
Comptroller shall order transferred, and the | ||||||
33 | Treasurer shall transfer, from
the General Revenue Fund to a | ||||||
34 | special fund in the State Treasury which is
hereby created, to | ||||||
35 | be known as the "Metro-East Public Transportation Fund",
an | ||||||
36 | amount equal to 2/32 of the net revenue realized, as above, |
| |||||||
| |||||||
1 | from within
the boundaries of Madison, Monroe and St. Clair | ||||||
2 | Counties, except that the
Department shall pay into the | ||||||
3 | Metro-East Public Transportation Fund 2/32 of
80% of the net | ||||||
4 | revenue realized under the State tax Acts specified in
| ||||||
5 | subsection (a) of this Section within the boundaries of
| ||||||
6 | Madison, Monroe and St. Clair Counties for tax periods | ||||||
7 | beginning on or
after January 1, 1990. A local match
equivalent | ||||||
8 | to an amount which could be raised by a tax levy at the rate of
| ||||||
9 | .05% on the assessed value of property within the boundaries of | ||||||
10 | Madison,
Monroe and St. Clair Counties is required annually to | ||||||
11 | cause a total of 2/32
of the net revenue to be deposited in the | ||||||
12 | Metro-East Public Transportation
Fund. Failure to raise the | ||||||
13 | required local match annually shall result in
only 1/32 being | ||||||
14 | deposited into the Metro-East Public Transportation Fund
after | ||||||
15 | July 1, 1989, or 1/32 of 80% of the net revenue realized for | ||||||
16 | tax
periods beginning on or after January 1, 1990.
| ||||||
17 | (b-5) As soon as possible after the first day of each | ||||||
18 | month, beginning
July 1, 2005, upon certification of the | ||||||
19 | Department of Revenue, the
Comptroller shall order | ||||||
20 | transferred, and the Treasurer shall transfer, from
the General | ||||||
21 | Revenue Fund to the West Central Public Transportation Fund,
a | ||||||
22 | special fund in the State treasury, an amount equal to 2/32 of | ||||||
23 | the net revenue realized, as above, from within
the boundaries | ||||||
24 | of Morgan and Scott counties, except that the
Department shall | ||||||
25 | pay into the West Central Public Transportation Fund 2/32 of
| ||||||
26 | 80% of the net revenue realized under the State tax Acts | ||||||
27 | specified in
subsection (a) of this Section within the | ||||||
28 | boundaries of
Morgan and Scott counties for tax periods | ||||||
29 | beginning on or
after January 1, 2006. A local match
equivalent | ||||||
30 | to an amount which could be raised by a tax levy at the rate of | ||||||
31 | .05% on the assessed value of property within the boundaries of | ||||||
32 | Morgan and Scott counties is required annually to cause a total | ||||||
33 | of 2/32
of the net revenue to be deposited in the West Central | ||||||
34 | Public Transportation Fund. Failure to raise the required local | ||||||
35 | match annually shall result in
only 1/32 being deposited into | ||||||
36 | the West Central Public Transportation Fund
after July 1, 2005, |
| |||||||
| |||||||
1 | or 1/32 of 80% of the net revenue realized for tax
periods | ||||||
2 | beginning on or after January 1, 2006.
| ||||||
3 | (c) The Department shall certify to the Department of | ||||||
4 | Revenue the
eligible participants under this Article and the | ||||||
5 | territorial boundaries
of such participants for the purposes of | ||||||
6 | the Department of Revenue in
subsections (a) and (b) of this | ||||||
7 | Section.
| ||||||
8 | (d) For the purposes of this Article the Department shall | ||||||
9 | include in
its annual request for appropriation of ordinary and | ||||||
10 | contingent expenses
an amount equal to the sum total funds | ||||||
11 | projected to be paid to the
participants pursuant to Section | ||||||
12 | 2-7.
| ||||||
13 | (e) In addition to any other permitted use of moneys in the | ||||||
14 | Fund, and
notwithstanding any restriction on the use of the | ||||||
15 | Fund, moneys in the
Downstate Public Transportation
Fund may be | ||||||
16 | transferred to the General Revenue Fund as authorized by Public
| ||||||
17 | Act 87-14. The General Assembly finds that an excess of moneys | ||||||
18 | existed in
the Fund on July 30, 1991, and the Governor's order | ||||||
19 | of July 30, 1991,
and the Governor's order of July 30, 1991, | ||||||
20 | requesting the Comptroller and
Treasurer to transfer an amount | ||||||
21 | from the Fund to the General Revenue Fund
is hereby validated.
| ||||||
22 | (Source: P.A. 86-590; 86-953; 87-838.)
| ||||||
23 | (30 ILCS 740/2-6) (from Ch. 111 2/3, par. 666)
| ||||||
24 | Sec. 2-6. Allocation of funds.
| ||||||
25 | (a) With respect to all participants other
than any | ||||||
26 | Metro-East
Transit District participant or any West Central | ||||||
27 | Transit District participant , the Department shall allocate | ||||||
28 | the funds to be
made available to each participant under this | ||||||
29 | Article for the following
fiscal year and shall notify the | ||||||
30 | chief official of each participant not
later than the first day | ||||||
31 | of the fiscal year of this amount. For Fiscal Year
1975, | ||||||
32 | notification shall be made not later than January 1, 1975, of | ||||||
33 | the
amount of such allocation. In determining the allocation | ||||||
34 | for each
participant, the Department shall estimate the funds | ||||||
35 | available to the
participant from the Downstate Public |
| |||||||
| |||||||
1 | Transportation Fund for the purposes
of this Article during the | ||||||
2 | succeeding fiscal year, and shall allocate to
each participant | ||||||
3 | the amount attributable to it which shall be the amount
paid | ||||||
4 | into the Downstate Public Transportation Fund under Section 2-3 | ||||||
5 | from
within its boundaries. Said allocations may be exceeded | ||||||
6 | for participants
receiving assistance equal to one-third of | ||||||
7 | their eligible
operating expenses, only if an allocation is | ||||||
8 | less than one-third of such
participant's eligible operating | ||||||
9 | expenses, provided, however, that no other
participant is | ||||||
10 | denied its one-third of eligible operating expenses. Beginning
| ||||||
11 | in Fiscal Year 1997, said allocation may be exceeded for
| ||||||
12 | participants receiving
assistance equal to the percentage of | ||||||
13 | their eligible operating
expenses provided for in paragraph (b) | ||||||
14 | of Section 2-7, only if
allocation is less than the percentage | ||||||
15 | of such participant's
eligible operating expenses provided for | ||||||
16 | in paragraph (b) of Section 2-7,
provided however, that no | ||||||
17 | other participant is denied its percentage
of eligible
| ||||||
18 | operating expenses.
| ||||||
19 | (b) With regard to any Metro-East Transit District | ||||||
20 | organized under the
Local Mass Transit District Act and serving | ||||||
21 | one or more of the Counties of
Madison, Monroe and St. Clair | ||||||
22 | during Fiscal Year 1989, the Department shall
allocate the | ||||||
23 | funds to be made available to each participant for the
| ||||||
24 | following and succeeding fiscal years and shall notify the | ||||||
25 | chief official
of each participant not later than the first day | ||||||
26 | of the fiscal year of this
amount. The Department shall | ||||||
27 | allocate 55% of the amount paid into the
Metro-East Public | ||||||
28 | Transportation Fund to the District serving primarily the
| ||||||
29 | Counties of Monroe and St. Clair and 45% of the amount to that | ||||||
30 | District
serving primarily the County of Madison. | ||||||
31 | (c) With regard to any West Central Transit District | ||||||
32 | organized under the
Local Mass Transit District Act and serving | ||||||
33 | Morgan and Scott counties in Fiscal Year 2005, the Department | ||||||
34 | shall
allocate the funds to be made available to each | ||||||
35 | participant for the
following and succeeding fiscal years and | ||||||
36 | shall notify the chief official
of each participant not later |
| |||||||
| |||||||
1 | than the first day of the fiscal year of this
amount.
| ||||||
2 | (Source: P.A. 89-598, eff. 8-1-96.)
| ||||||
3 | (30 ILCS 740/2-7) (from Ch. 111 2/3, par. 667)
| ||||||
4 | Sec. 2-7. Quarterly reports; annual audit.
| ||||||
5 | (a) Any Metro-East Transit District participant and any | ||||||
6 | West Central Transit District participant shall, no
later than | ||||||
7 | 60 days following the end of each quarter
of any fiscal year, | ||||||
8 | file
with the Department on forms provided by the Department | ||||||
9 | for that purpose, a
report of the actual operating deficit | ||||||
10 | experienced during that quarter. The
Department shall, upon | ||||||
11 | receipt of the quarterly report, determine whether
the | ||||||
12 | operating deficits were incurred in conformity with
the program | ||||||
13 | of proposed expenditures approved by the Department pursuant to
| ||||||
14 | Section 2-11. Any Metro-East District may either monthly or | ||||||
15 | quarterly for
any fiscal year file a request for the | ||||||
16 | participant's eligible share, as
allocated in accordance with | ||||||
17 | Section 2-6, of the amounts transferred into the
Metro-East | ||||||
18 | Public Transportation Fund. Any West Central Transit District | ||||||
19 | may, either monthly or quarterly, for
any fiscal year, file a | ||||||
20 | request for the participant's eligible share, as
allocated in | ||||||
21 | accordance with Section 2-6, of the amounts transferred into | ||||||
22 | the
West Central Public Transportation Fund.
| ||||||
23 | (b) Each participant other than any Metro-East Transit | ||||||
24 | District
participant or any West Central Transit District | ||||||
25 | participant shall, 30 days before the end of each quarter, file | ||||||
26 | with the
Department
on forms provided by the Department for | ||||||
27 | such purposes a report of the projected
eligible operating | ||||||
28 | expenses to be incurred in the next quarter and 30 days
before | ||||||
29 | the third and fourth quarters of any fiscal year a statement of | ||||||
30 | actual
eligible operating expenses incurred in the preceding | ||||||
31 | quarters. Within
45 days of receipt by the Department of such | ||||||
32 | quarterly report, the Comptroller
shall order paid and the | ||||||
33 | Treasurer shall pay from the Downstate Public
Transportation | ||||||
34 | Fund to each participant an amount equal to one-third of
such | ||||||
35 | participant's eligible operating expenses; provided, however, |
| |||||||
| |||||||
1 | that in
Fiscal Year 1997, the amount paid to each participant | ||||||
2 | from the
Downstate Public Transportation Fund shall be an | ||||||
3 | amount equal to 47% of
such participant's eligible operating | ||||||
4 | expenses and shall be increased to 49%
in Fiscal Year 1998, 51% | ||||||
5 | in Fiscal Year 1999, 53% in Fiscal Year 2000, and 55%
in Fiscal | ||||||
6 | Year 2001 and thereafter; however, in any year that a | ||||||
7 | participant
receives funding under subsection (i) of Section | ||||||
8 | 2705-305 of the Department of
Transportation Law (20 ILCS | ||||||
9 | 2705/2705-305), that participant shall be eligible
only for | ||||||
10 | assistance equal to the following percentage of its eligible | ||||||
11 | operating
expenses: 42% in Fiscal Year 1997, 44% in Fiscal Year | ||||||
12 | 1998, 46% in Fiscal Year
1999, 48% in Fiscal Year 2000, and 50% | ||||||
13 | in Fiscal Year 2001 and thereafter. Any
such payment for the | ||||||
14 | third and fourth quarters of any fiscal year shall be
adjusted | ||||||
15 | to reflect
actual eligible operating expenses for preceding | ||||||
16 | quarters of such fiscal
year. However, no participant shall | ||||||
17 | receive an amount less than that which
was received in the | ||||||
18 | immediate prior year, provided in the event of a
shortfall in | ||||||
19 | the fund those participants receiving less than their full
| ||||||
20 | allocation pursuant to Section 2-6 of this Article shall be the | ||||||
21 | first
participants to receive an amount not less than that | ||||||
22 | received in the
immediate prior year.
| ||||||
23 | (c) No later than 180 days following the last day of the | ||||||
24 | Fiscal Year each
participant shall provide the Department with | ||||||
25 | an audit prepared by a Certified
Public Accountant covering | ||||||
26 | that Fiscal Year. For those participants other than a | ||||||
27 | Metro-East Transit
District or a West Central Transit District , | ||||||
28 | any discrepancy between the grants paid and the
percentage of | ||||||
29 | the eligible operating expenses provided for by paragraph
(b) | ||||||
30 | of this Section shall be reconciled by appropriate payment or | ||||||
31 | credit.
In the case of any Metro-East Transit District, any | ||||||
32 | amount of payments from
the Metro-East Public Transportation | ||||||
33 | Fund which exceed the eligible deficit
of the participant shall | ||||||
34 | be reconciled by appropriate payment or credit. In the case of | ||||||
35 | any West Central Transit District, any amount of payments from
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36 | the West Central Public Transportation Fund which exceed the |
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| |||||||
1 | eligible deficit
of the participant shall be reconciled by | ||||||
2 | appropriate payment or credit.
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3 | (Source: P.A. 91-239, eff. 1-1-00; 91-357, eff. 7-29-99; 92-16, | ||||||
4 | eff. 6-28-01;
92-258, eff. 8-7-01; 92-464, eff. 8-22-01.)
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5 | (30 ILCS 740/2-15) (from Ch. 111 2/3, par. 675.1)
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6 | Sec. 2-15. Except as otherwise provided in this Section,
| ||||||
7 | all funds which remain in the Downstate Public Transportation | ||||||
8 | Fund ,
or the
Metro-East Public Transportation Fund , or the West | ||||||
9 | Central Public Transportation Fund after the payment of the | ||||||
10 | fourth quarterly
payment to participants other than Metro-East | ||||||
11 | Transit District
participants and West Central Transit | ||||||
12 | District participants and the last monthly payment to | ||||||
13 | Metro-East Transit
participants and West Central Transit | ||||||
14 | District participants in each fiscal year shall be transferred | ||||||
15 | to the
General Revenue Fund no later than 90 days following the | ||||||
16 | end of such fiscal
year. However, such amount as the Department | ||||||
17 | determines to be necessary
for (1) allocation to participants | ||||||
18 | for the purposes of Section 2-7 for
the first quarter of the | ||||||
19 | succeeding fiscal year and (2) an amount equal to
2% of the | ||||||
20 | total allocations to participants in the fiscal year just ended
| ||||||
21 | to be used for the purpose of audit adjustments shall be | ||||||
22 | retained in such
Funds to be used by the Department for such | ||||||
23 | purposes.
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24 | (Source: P.A. 86-590.)
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25 | Section 10. The State Finance Act is amended by adding | ||||||
26 | Section
5.640 as follows:
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27 | (30 ILCS 105/5.640 new)
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28 | Sec. 5.640. The West Central Public Transportation Fund.
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29 | Section 99. Effective date. This Act takes effect upon | ||||||
30 | becoming law.
|