|
|
|
|
95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB1778
Introduced 2/23/2007, by Rep. Dan Reitz SYNOPSIS AS INTRODUCED:
|
|
20 ILCS 805/805-410 |
was 20 ILCS 805/63a32 |
|
Amends the Department of Natural Resources (Conservation) Law of the Civil Administrative Code of Illinois to provide that a local bank account established for the World Shooting and Recreational Complex that is used to hold income received before and during a competitive shooting event, to pay out cash prizes for the same event for which the income was received, or to purchase prizes for that event is exempt from a requirement that the balance of the account be forwarded to the Department for deposit with the State Treasurer on Monday of each week if the amount exceeds $500. Requires such an account to be in the name of the Department and subject to regular audits.
Limits the balance of the account to a maximum of $250,000. Effective immediately.
|
| |
|
|
| FISCAL NOTE ACT MAY APPLY | |
|
|
|
A BILL FOR
|
|
|
|
|
HB1778 |
|
LRB095 11070 CMK 31394 b |
|
|
| 1 |
| AN ACT concerning State government.
|
| 2 |
| Be it enacted by the People of the State of Illinois,
|
| 3 |
| represented in the General Assembly:
|
| 4 |
| Section 5. The Department of Natural Resources |
| 5 |
| (Conservation) Law of the
Civil Administrative Code of Illinois |
| 6 |
| is amended by changing Section 805-410 as follows:
|
| 7 |
| (20 ILCS 805/805-410) (was 20 ILCS 805/63a32)
|
| 8 |
| Sec. 805-410. Local bank accounts. |
| 9 |
| (a) The Department has the power to
establish local bank or |
| 10 |
| savings and loan
association
accounts, upon the written |
| 11 |
| authorization of the Director, to temporarily
hold income |
| 12 |
| received at any of its properties. Local accounts
established
|
| 13 |
| pursuant to this Section shall be in the name of the Department |
| 14 |
| and shall be
subject to regular audits. The
balance in a local |
| 15 |
| bank or savings and loan association account shall be
forwarded |
| 16 |
| to the Department for
deposit with the State Treasurer on |
| 17 |
| Monday of each week if the amount to be
deposited in a fund |
| 18 |
| exceeds $500.
|
| 19 |
| (b) No bank or savings and loan association shall receive |
| 20 |
| public funds as
permitted by this Section unless it has |
| 21 |
| complied with the requirements
established pursuant to Section |
| 22 |
| 6 of the Public Funds Investment Act.
|
| 23 |
| (c) Subsection (a) of this Section does not apply to a
|