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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,
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3 | represented in the General Assembly:
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4 | Section 5. The State Finance Act is amended by changing | ||||||||||||||||||||||||||
5 | Section 8h and by adding Section 8o as follows: | ||||||||||||||||||||||||||
6 | (30 ILCS 105/8h)
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7 | Sec. 8h. Transfers to General Revenue Fund. | ||||||||||||||||||||||||||
8 | (a) Except as otherwise provided in this Section and | ||||||||||||||||||||||||||
9 | Section 8n of this Act, and (c), (d), or (e),
notwithstanding | ||||||||||||||||||||||||||
10 | any other
State law to the contrary, the Governor
may, through | ||||||||||||||||||||||||||
11 | June 30, 2007, from time to time direct the State Treasurer and | ||||||||||||||||||||||||||
12 | Comptroller to transfer
a specified sum from any fund held by | ||||||||||||||||||||||||||
13 | the State Treasurer to the General
Revenue Fund in order to | ||||||||||||||||||||||||||
14 | help defray the State's operating costs for the
fiscal year. | ||||||||||||||||||||||||||
15 | The total transfer under this Section from any fund in any
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16 | fiscal year shall not exceed the lesser of (i) 8% of the | ||||||||||||||||||||||||||
17 | revenues to be deposited
into the fund during that fiscal year | ||||||||||||||||||||||||||
18 | or (ii) an amount that leaves a remaining fund balance of 25% | ||||||||||||||||||||||||||
19 | of the July 1 fund balance of that fiscal year. In fiscal year | ||||||||||||||||||||||||||
20 | 2005 only, prior to calculating the July 1, 2004 final | ||||||||||||||||||||||||||
21 | balances, the Governor may calculate and direct the State | ||||||||||||||||||||||||||
22 | Treasurer with the Comptroller to transfer additional amounts | ||||||||||||||||||||||||||
23 | determined by applying the formula authorized in Public Act |
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1 | 93-839 to the funds balances on July 1, 2003.
No transfer may | ||||||
2 | be made from a fund under this Section that would have the
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3 | effect of reducing the available balance in the fund to an | ||||||
4 | amount less than
the amount remaining unexpended and unreserved | ||||||
5 | from the total appropriation
from that fund estimated to be | ||||||
6 | expended for that fiscal year. This Section does not apply to | ||||||
7 | any
funds that are restricted by federal law to a specific use, | ||||||
8 | to any funds in
the Motor Fuel Tax Fund, the Intercity | ||||||
9 | Passenger Rail Fund, the Hospital Provider Fund, the Medicaid | ||||||
10 | Provider Relief Fund, the Teacher Health Insurance Security | ||||||
11 | Fund, the Reviewing Court Alternative Dispute Resolution Fund, | ||||||
12 | the Voters' Guide Fund, the Foreign Language Interpreter Fund, | ||||||
13 | the Lawyers' Assistance Program Fund, the Supreme Court Federal | ||||||
14 | Projects Fund, the Supreme Court Special State Projects Fund, | ||||||
15 | the Supplemental Low-Income Energy Assistance Fund, the Good | ||||||
16 | Samaritan Energy Trust Fund, the Low-Level Radioactive Waste | ||||||
17 | Facility Development and Operation Fund, the Horse Racing | ||||||
18 | Equity Trust Fund, or the Hospital Basic Services Preservation | ||||||
19 | Fund, or to any
funds to which subsection (f) of Section 20-40 | ||||||
20 | of the Nursing and Advanced Practice Nursing Act applies. No | ||||||
21 | transfers may be made under this Section from the Pet | ||||||
22 | Population Control Fund. Notwithstanding any
other provision | ||||||
23 | of this Section, for fiscal year 2004,
the total transfer under | ||||||
24 | this Section from the Road Fund or the State
Construction | ||||||
25 | Account Fund shall not exceed the lesser of (i) 5% of the | ||||||
26 | revenues to be deposited
into the fund during that fiscal year |
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1 | or (ii) 25% of the beginning balance in the fund.
For fiscal | ||||||
2 | year 2005 through fiscal year 2007, no amounts may be | ||||||
3 | transferred under this Section from the Road Fund, the State | ||||||
4 | Construction Account Fund, the Criminal Justice Information | ||||||
5 | Systems Trust Fund, the Wireless Service Emergency Fund, or the | ||||||
6 | Mandatory Arbitration Fund.
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7 | In determining the available balance in a fund, the | ||||||
8 | Governor
may include receipts, transfers into the fund, and | ||||||
9 | other
resources anticipated to be available in the fund in that | ||||||
10 | fiscal year.
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11 | The State Treasurer and Comptroller shall transfer the | ||||||
12 | amounts designated
under this Section as soon as may be | ||||||
13 | practicable after receiving the direction
to transfer from the | ||||||
14 | Governor.
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15 | (a-5) Transfers directed to be made under this Section on | ||||||
16 | or before February 28, 2006 that are still pending on May 19, | ||||||
17 | 2006 ( the effective date of Public Act 94-774)
this amendatory | ||||||
18 | Act of the 94th General Assembly shall be redirected as | ||||||
19 | provided in Section 8n of this Act.
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20 | (b) This Section does not apply to: (i) the Ticket For The | ||||||
21 | Cure Fund; (ii) any fund established under the Community Senior | ||||||
22 | Services and Resources Act; or (iii) on or after January 1, | ||||||
23 | 2006 (the effective date of Public Act 94-511), the Child Labor | ||||||
24 | and Day and Temporary Labor Enforcement Fund. | ||||||
25 | (c) This Section does not apply to the Demutualization | ||||||
26 | Trust Fund established under the Uniform Disposition of |
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1 | Unclaimed Property Act.
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2 | (d) This Section does not apply to moneys set aside in the | ||||||
3 | Illinois State Podiatric Disciplinary Fund for podiatric | ||||||
4 | scholarships and residency programs under the Podiatric | ||||||
5 | Scholarship and Residency Act. | ||||||
6 | (e) Subsection (a) does not apply to, and no transfer may | ||||||
7 | be made under this Section from, the Pension Stabilization | ||||||
8 | Fund.
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9 | (f) This Section does not apply to the Illinois Veterans | ||||||
10 | Assistance Fund, the Illinois Veterans' Homes Fund, the LaSalle | ||||||
11 | Veterans Home Fund, the Anna Veterans Home Fund, the Manteno | ||||||
12 | Veterans Home Fund, the Quincy Veterans Home Fund, the John | ||||||
13 | Joseph Kelly Home Fund, or the Illinois Veterans' | ||||||
14 | Rehabilitation Fund.
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15 | (Source: P.A. 93-32, eff. 6-20-03; 93-659, eff. 2-3-04; 93-674, | ||||||
16 | eff. 6-10-04; 93-714, eff. 7-12-04; 93-801, eff. 7-22-04; | ||||||
17 | 93-839, eff. 7-30-04; 93-1054, eff. 11-18-04; 93-1067, eff. | ||||||
18 | 1-15-05; 94-91, eff. 7-1-05; 94-120, eff. 7-6-05; 94-511, eff. | ||||||
19 | 1-1-06; 94-535, eff. 8-10-05; 94-639, eff. 8-22-05; 94-645, | ||||||
20 | eff. 8-22-05; 94-648, eff. 1-1-06; 94-686, eff. 11-2-05; | ||||||
21 | 94-691, eff. 11-2-05; 94-726, eff. 1-20-06; 94-773, eff. | ||||||
22 | 5-18-06; 94-774, eff. 5-19-06; 94-804, eff. 5-26-06; 94-839, | ||||||
23 | eff. 6-6-06; revised 6-19-06.)
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24 | (30 ILCS 105/8o new)
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25 | Sec. 8o. Transfers from Veterans Funds. After the effective |
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1 | date of this amendatory Act of the 95th General Assembly, no | ||||||
2 | transfers may be made under this Act from the Illinois Veterans | ||||||
3 | Assistance Fund, the Illinois Veterans' Homes Fund, the LaSalle | ||||||
4 | Veterans Home Fund, the Anna Veterans Home Fund, the Manteno | ||||||
5 | Veterans Home Fund, the Quincy Veterans Home Fund, the John | ||||||
6 | Joseph Kelly Home Fund, or the Illinois Veterans' | ||||||
7 | Rehabilitation Fund. If an amount is transferred from one of | ||||||
8 | these funds, then the Comptroller shall immediately direct and | ||||||
9 | the Treasurer immediately transfer an amount equal to the | ||||||
10 | amount of that transfer from the General Revenue Fund to the | ||||||
11 | fund from which the transfer was made.
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12 | Section 99. Effective date. This Act takes effect upon | ||||||
13 | becoming law.
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