102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB1240

 

Introduced 2/17/2021, by Rep. Emanuel Chris Welch

 

SYNOPSIS AS INTRODUCED:
 
30 ILCS 105/6c  from Ch. 127, par. 142c

    Amends the State Finance Act. Makes a technical change in a Section concerning the deposit of money received by the Division of Highways of the Department of Transportation into the Road Fund.


LRB102 03255 RJF 13268 b

 

 

A BILL FOR

 

HB1240LRB102 03255 RJF 13268 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 6c as follows:
 
6    (30 ILCS 105/6c)  (from Ch. 127, par. 142c)
7    Sec. 6c. All fees and and other money received by the
8Division of Highways of the Department of Transportation
9shall, upon being paid into the State treasury, be placed in
10the Road Fund. After the effective date of this amendatory Act
11of 1980, investment income which is attributable to the
12investment of moneys of the Road Fund shall be retained in the
13Road Fund.
14(Source: P.A. 81-1550.)