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Rep. Careen Gordon
Filed: 5/3/2004
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09300SB2215ham001 |
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LRB093 15842 BDD 50258 a |
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| AMENDMENT TO SENATE BILL 2215
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| AMENDMENT NO. ______. Amend Senate Bill 2215 by replacing |
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| everything after the enacting clause with the following:
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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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| Notwithstanding any other
State law to the contrary, the |
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| Director of the
Governor's Office of Management and Budget
may |
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| from time to time direct the State Treasurer and Comptroller to |
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| transfer
a specified sum from any fund held by the State |
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| Treasurer to the General
Revenue Fund in order to help defray |
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| the State's operating costs for the
fiscal year. The total |
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| transfer under this Section from any fund in any
fiscal year |
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| shall not exceed the lesser of 8% of the revenues to be |
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| deposited
into the fund during that year or 25% of the |
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| beginning balance in the fund.
No transfer may be made from a |
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| fund under this Section that would have the
effect of reducing |
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| the available balance in the fund to an amount less than
the |
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| amount remaining unexpended and unreserved from the total |
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| appropriation
from that fund for that fiscal year. This Section |
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| does not apply to any
funds that are restricted by federal law |
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| to a specific use or to any funds in
the Motor Fuel Tax Fund or |
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| the Hospital Provider Fund. No transfers may be made under this |