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HB2536 Engrossed |
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LRB094 10200 EFG 40467 b |
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| AN ACT concerning State finance.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The State Finance Act is amended by changing |
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| Section 8h as follows: |
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| (30 ILCS 105/8h)
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| Sec. 8h. Transfers to General Revenue Fund. |
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| (a) Except as provided in subsection (b) and subsection (c) |
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| of this Section , notwithstanding any other
State law to the |
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| contrary, the Governor
may, through June 30, 2007, from time to |
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| time direct the State Treasurer and Comptroller to transfer
a |
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| specified sum from any fund held by the State Treasurer to the |
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| General
Revenue Fund in order to help defray the State's |
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| operating costs for the
fiscal year. The total transfer under |
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| this Section from any fund in any
fiscal year shall not exceed |
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| the lesser of (i) 8% of the revenues to be deposited
into the |
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| fund during that fiscal year or (ii) an amount that leaves a |
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| remaining fund balance of 25% of the July 1 fund balance of |
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| that fiscal year. In fiscal year 2005 only, prior to |
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| calculating the July 1, 2004 final balances, the Governor may |
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| calculate and direct the State Treasurer with the Comptroller |
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| to transfer additional amounts determined by applying the |
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| formula authorized in Public Act 93-839 to the funds balances |
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| on July 1, 2003.
No transfer may be made from a fund under this |
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| Section that would have the
effect of reducing the available |
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| balance in the fund to an amount less than
the amount remaining |
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| unexpended and unreserved from the total appropriation
from |
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| that fund estimated to be expended for that fiscal year. This |
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| Section does not apply to any
funds that are restricted by |
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| federal law to a specific use, to any funds in
the Motor Fuel |
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| Tax Fund, the Hospital Provider Fund, the Medicaid Provider |
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| Relief Fund, or the Reviewing Court Alternative Dispute |
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HB2536 Engrossed |
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LRB094 10200 EFG 40467 b |
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| Resolution Fund, or to any
funds to which subsection (f) of |
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| Section 20-40 of the Nursing and Advanced Practice Nursing Act |
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| applies. Notwithstanding any
other provision of this Section, |
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| for fiscal year 2004,
the total transfer under this Section |
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| from the Road Fund or the State
Construction Account Fund shall |
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| not exceed the lesser of (i) 5% of the revenues to be deposited
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| into the fund during that fiscal year or (ii) 25% of the |
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| beginning balance in the fund.
For fiscal year 2005 through |
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| fiscal year 2007, no amounts may be transferred under this |
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| Section from the Road Fund, the State Construction Account |
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| Fund, the Criminal Justice Information Systems Trust Fund, the |
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| Wireless Service Emergency Fund, or the Mandatory Arbitration |
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| Fund.
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| In determining the available balance in a fund, the |
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| Governor
may include receipts, transfers into the fund, and |
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| other
resources anticipated to be available in the fund in that |
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| fiscal year.
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| The State Treasurer and Comptroller shall transfer the |
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| amounts designated
under this Section as soon as may be |
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| practicable after receiving the direction
to transfer from the |
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| Governor.
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| (b) This Section does not apply to any fund established |
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| under the Community Senior Services and Resources Act.
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| (c) At least 30 days before the Governor directs any |
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| transfer under this Section, he or she must give advance |
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| written notice of the transfer to the Commission on Government |
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| Forecasting and Accountability, the State Comptroller, and the |
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| State Treasurer. The State Comptroller and State Treasurer |
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| shall not make any such transfer until 30 days after that |
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| notice has been given.
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| (Source: P.A. 93-32, eff. 6-20-03; 93-659, eff. 2-3-04; 93-674, |
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| eff. 6-10-04; 93-714, eff. 7-12-04; 93-801, eff. 7-22-04; |
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| 93-839, eff. 7-30-04; 93-1054, eff. 11-18-04; 93-1067, eff. |
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| 1-15-05.)
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| Section 99. Effective date. This Act takes effect upon |