97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB4124
 
Introduced , by Rep. JoAnn D. Osmond
 
SYNOPSIS AS INTRODUCED:
 

 



30 ILCS 105/8.25c  from Ch. 127, par. 144.25c

     Amends the State Finance Act. Provides that, continuing through the fourth quarter of fiscal year 2012 (rather than, until the sum of $31,200,000 is paid to the General Revenue Fund), the State Comptroller shall order transferred and the State Treasurer shall transfer from the Adeline Jay Geo-Karis Illinois Beach Marina Fund to the General Revenue Fund 35% of revenue deposited into the Adeline Geo-Karis Illinois Beach Marina Fund in any fiscal year. Provides that, continuing through the fourth quarter of fiscal year 2012 (rather than, until the sum of $8,000,000 is paid to the State Boating Act Fund), the State Comptroller shall order transferred and the State Treasurer shall transfer from the Adeline Jay Geo-Karis Illinois Beach Marina Fund to the State Boating Act Fund 15% of the revenue deposited into the Adeline Jay Geo-Karis Illinois Beach Marina Fund. Effective immediately.
  


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FISCAL NOTE ACT MAY APPLY
 
 
A BILL FOR
 

  
HB4124LRB097 14667 PJG 59564 b


  
1    AN ACT concerning finance.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The State Finance Act is amended  by changing 
5Section 8.25c as follows:
 



6    (30 ILCS 105/8.25c)  (from Ch. 127, par. 144.25c)



7    Sec. 8.25c. (a) Beginning in fiscal year 1991 and 
8continuing through the
third quarter of fiscal year 1993, the 
9State Comptroller shall order
transferred and the State 
10Treasurer shall transfer from the Illinois Beach
Marina Fund 
11(now known as the Adeline Jay Geo-Karis Illinois Beach Marina 
12Fund) to the General Revenue Fund 50% of the revenue deposited 
13into the
Illinois Beach Marina Fund.  Beginning in the fourth 
14quarter of fiscal year
1993 and continuing through the fourth 
15quarter of fiscal year 2012 thereafter until the
sum of 
16$31,200,000 is paid to the General Revenue Fund, the State

17Comptroller shall order transferred and the State Treasurer 
18shall transfer
from the Adeline Jay Geo-Karis Illinois Beach 
19Marina Fund (formerly known as the Illinois Beach Marina Fund)

20to the General Revenue Fund 35% of revenue deposited into the 
21Adeline Jay Geo-Karis Illinois Beach Marina Fund (formerly 
22known as the Illinois Beach Marina Fund)
in
any fiscal year.  In 
23addition,
beginning in fiscal year 1991 and continuing through 
 
 
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1the fourth quarter of fiscal year 2012, thereafter until the 
2sum of $8,000,000
is paid to the State Boating Act Fund the 
3State Comptroller shall order
transferred and the State 
4Treasurer shall transfer from the Adeline Jay Geo-Karis 
5Illinois Beach Marina Fund (formerly known as the Illinois 
6Beach
Marina Fund)
to the State Boating Act Fund 15% of the 
7revenue deposited into
the Adeline Jay Geo-Karis Illinois Beach 
8Marina Fund (formerly known as the Illinois Beach Marina Fund).  
9Beginning in fiscal year 1992, the
transfers from the Adeline 
10Jay Geo-Karis Illinois Beach Marina Fund (formerly known as the 
11Illinois Beach Marina Fund) to the State Boating Act Fund
shall 
12be made only at the direction of and in the amount authorized 
13by the
Department of Natural Resources.  Moneys transferred 
14under
authorization of this
Section to the State Boating Act 
15Fund in fiscal year 1992 before the
effective date of this 
16amendatory Act of 1991 may be transferred to the
Illinois Beach 
17Marina Fund (now known as the Adeline Jay Geo-Karis Illinois 
18Beach Marina Fund) at the direction of the Department of 
19Natural
Resources.  The transfers required under this Section

20shall be made within 30 days after the end of each quarter 
21based on the
State Comptroller's record of receipts for the 
22quarter.  The initial
transfers shall be made within 30 days 
23after June 30, 1990 based on
revenues received in the preceding 
24quarter.   Additional transfers in
excess of the limits 
25established under this Section may be authorized by
the 
26Department of Natural Resources for accelerated
payback of the 
 
 
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1amount due.


2    (b) The Department may, subject to appropriations by the 
3General Assembly,
use moneys in the Adeline Jay Geo-Karis 
4Illinois Beach Marina Fund (formerly known as the Illinois 
5Beach Marina Fund) to pay for operation,
maintenance, repairs, 
6or improvements to the marina project; provided,
however, that 
7payment of the amounts due under the terms of subsection (a)

8shall have priority on all moneys deposited in this Fund.

9    (c) Moneys on deposit in excess of that needed for payments 
10to the
General Revenue Fund and the State Boating Act Fund and 
11in excess of those
moneys needed for the operation, 
12maintenance, repairs, or improvements to
the Adeline Jay 
13Geo-Karis Illinois Beach Marina as determined by the Department 
14of Natural
Resources may  be transferred at the discretion of 
15the
Department to the State Parks Fund.

16(Source: P.A. 95-522, eff. 8-28-07; 96-1160, eff. 1-1-11.)

 
 
17    Section 99. Effective date. This Act takes effect upon 
18becoming law.