Illinois General Assembly - Bill Status for HB4595

Creates the Finance Emergency Budget Implementation Act of 2009. Amends the Illinois Administrative Procedure Act to authorize emergency rulemaking that is not subject to complete JCAR oversight and to suspend rules while duties under a statute are suspended. Amends the State Finance Act. Provides that for the fiscal year ending June 30, 2010, the annual amount required for transfers from the General Revenue Fund to each of the special funds from which payments are to be made under certain provisions of the Horse Racing Act of 1975 shall not exceed 92% (instead of 100%) of the annual amount for those payments from that special fund for the calendar year 1998 for the Agricultural Premium Fund; the Fair and Exposition Fund; the Standardbred Breeders Fund; and the Thoroughbred Breeders Fund. Provides that an annual $5,000,000 transfer from the General Revenue Fund to the Comprehensive Regional Planning Fund shall end on June 30, 2009. Amends the Downstate Public Transportation Act. Provides that the monthly transfer of certain use and occupation tax revenue from the General Revenue Fund to the Downstate Public Transportation Fund and the Metro-East Public Transportation Fund shall end on June 30, 2009. Provides that any moneys remaining in the Downstate Public Transportation Fund or the Metro-East Public Transportation Fund after the final payments have been made to participants in each fiscal year shall be transferred to the General Revenue Fund. Amends the Regional Transportation Authority Act. In a Section concerning the Public Transportation Fund, provides that specified transfers of moneys from the General Revenue Fund to the Public Transportation Fund end June 30, 2009. Repeals the State Facilities Closure Act. Contains a severability clause. Effective immediately.

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