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| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB0463 Introduced 01/31/11, by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
| | 30 ILCS 105/5g | from Ch. 127, par. 141g |
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Amends the State Finance Act. Makes a technical change in a Section
concerning
the transfer of road fund money.
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| | A BILL FOR |
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| | HB0463 | | LRB097 03290 PJG 43327 b |
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| 1 | | AN ACT concerning finance.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The State Finance Act is amended by changing |
| 5 | | Section 5g as follows:
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| 6 | | (30 ILCS 105/5g) (from Ch. 127, par. 141g)
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| 7 | | Sec. 5g.
(a) After July 1, 1991, the
the General Assembly |
| 8 | | shall direct the
transfer from the General Revenue Fund to the |
| 9 | | Road Fund of the sum of
$36,000,000, or so much thereof as may |
| 10 | | be necessary, so that after such
transfer the total |
| 11 | | expenditures for the fiscal year beginning July 1, 1990
for the |
| 12 | | Division of State Troopers from the Road Fund do not exceed the
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| 13 | | amount appropriated in fiscal year 1990 for the
Division of |
| 14 | | State Troopers. Such transfers shall be completed no later
than |
| 15 | | June 30, 1992. |
| 16 | | (b) If the General Assembly has not completed the transfers |
| 17 | | required
under subsection (a) of this Section on or before June |
| 18 | | 30, 1992, and if
the General Revenue Fund balance is $250 |
| 19 | | million or greater on June 30,
1992 or June 30th of any year |
| 20 | | thereafter, on July 1 of the fiscal year
immediately following |
| 21 | | the fiscal year which has a June 30th balance of $250
million |
| 22 | | or greater, the
Comptroller shall order the transfer and the |
| 23 | | Treasurer shall transfer from
the General Revenue Fund to the |