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1 | | (b) On and after the effective date of this amendatory Act |
2 | | of the 99th General Assembly through the end of State fiscal |
3 | | year 2015, when any of the funds listed in subsection (a) have |
4 | | insufficient cash from which the State Comptroller may make |
5 | | expenditures properly supported by appropriations from the |
6 | | fund, then, at the direction of the Director of the Governor's |
7 | | Office of Management and Budget, the State Treasurer and State |
8 | | Comptroller shall transfer from the General Revenue Fund to the |
9 | | fund only such amount as is immediately necessary to satisfy |
10 | | outstanding expenditure obligations on a timely basis, subject |
11 | | to the provisions of the State Prompt Payment Act. All or a |
12 | | portion of the amounts transferred from the General Revenue |
13 | | Fund to a fund pursuant to this subsection (b) from time to |
14 | | time may be re-transferred by the State Comptroller and the |
15 | | State Treasurer from the receiving fund into the General
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16 | | Revenue Fund as soon as and to the extent that deposits are |
17 | | made into or receipts are collected by the receiving fund. |
18 | | (c) The State Treasurer and State Comptroller shall |
19 | | transfer the amounts designated under subsections (a) of this |
20 | | Section as soon as may be practicable after receiving the |
21 | | direction to transfer from the Director of the Governor's |
22 | | Office of Management and Budget. If the Director of the |
23 | | Governor's Office of Management and Budget determines that any |
24 | | transfer authorized by this Section from a special fund under |
25 | | subsection (a) either (i) jeopardizes federal funding based on |
26 | | a written communication from a federal official or (ii) |
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1 | | violates an order of a court of competent jurisdiction, then |
2 | | the Director may order the State Treasurer and State |
3 | | Comptroller, in writing, to (i) transfer from the General |
4 | | Revenue Fund to that listed special fund all or part of the |
5 | | amounts transferred from that special fund under subsection |
6 | | (a). |
7 | | (d) For the fourth quarter of State fiscal year 2015, the |
8 | | report filed under Section 7.2 of the Governor's Office of |
9 | | Management and Budget Act shall contain, in addition to the |
10 | | information otherwise required, information on all transfers |
11 | | made pursuant to this Section, including all of the following: |
12 | | (1) The date each transfer was made. |
13 | | (2) The amount of each transfer. |
14 | | (3) In the case of a transfer from the General Revenue |
15 | | Fund to a fund of origin pursuant to subsection (c) or (d) |
16 | | of this Section, the amount of such transfer and the date |
17 | | such transfer was made. |
18 | | (4) The end of day balance of both the fund of origin |
19 | | and the General Revenue Fund on the date the transfer was |
20 | | made. |
21 | | (e) Notwithstanding any provision of law to the contrary, |
22 | | the transfers in this Section shall be made through the end of |
23 | | State fiscal year 2015. ".
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24 | | Section 99. Effective date. This Act takes effect upon |
25 | | becoming law.".
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