Senate Sponsors: WALSH,T. House Sponsors: MAUTINO-RUTHERFORD Short description: CDB CONTRIBUTORY TRUST FUND Synopsis of Bill as introduced: Amends the State Finance Act with respect to the Capital Development Board Contributory Trust Fund. Requires amounts received by way of settlement agreement or court order with respect to destroyed or damaged projects to be deposited into the Fund. If the specific project has been or is being repaired before receipt of funds relating to that project, the funds may be used for other projects that were damaged or destroyed. Provides that funds unused for 36 months after receipt must be deposited into the General Obligation Bond Retirement and Interest Fund. Effective July 1, 2001. Last action on Bill: PUBLIC ACT.............................. 92-0034 Last action date: JUN-28-2001 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status