Bill Text: IL HB0646 | 2015-2016 | 99th General Assembly | Introduced
Bill Title: Amends the State Finance Act. Makes a technical change in a Section concerning the transfer of Road Fund money.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2016-04-28 - Rule 19(a) / Re-referred to Rules Committee [HB0646 Detail]
Download: Illinois-2015-HB0646-Introduced.html
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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, | |||||||||||||||||||
3 | represented in the General Assembly:
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4 | Section 5. The State Finance Act is amended by changing | |||||||||||||||||||
5 | Section 5g as follows:
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6 | (30 ILCS 105/5g) (from Ch. 127, par. 141g)
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7 | Sec. 5g.
(a) After July 1, 1991, the
the General Assembly | |||||||||||||||||||
8 | shall direct the
transfer from the General Revenue Fund to the | |||||||||||||||||||
9 | Road Fund of the sum of
$36,000,000, or so much thereof as may | |||||||||||||||||||
10 | be necessary, so that after such
transfer the total | |||||||||||||||||||
11 | expenditures for the fiscal year beginning July 1, 1990
for the | |||||||||||||||||||
12 | Division of State Troopers from the Road Fund do not exceed the
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13 | amount appropriated in fiscal year 1990 for the
Division of | |||||||||||||||||||
14 | State Troopers. Such transfers shall be completed no later
than | |||||||||||||||||||
15 | June 30, 1992. | |||||||||||||||||||
16 | (b) If the General Assembly has not completed the transfers | |||||||||||||||||||
17 | required
under subsection (a) of this Section on or before June | |||||||||||||||||||
18 | 30, 1992, and if
the General Revenue Fund balance is $250 | |||||||||||||||||||
19 | million or greater on June 30,
1992 or June 30th of any year | |||||||||||||||||||
20 | thereafter, on July 1 of the fiscal year
immediately following | |||||||||||||||||||
21 | the fiscal year which has a June 30th balance of $250
million | |||||||||||||||||||
22 | or greater, the
Comptroller shall order the transfer and the | |||||||||||||||||||
23 | Treasurer shall transfer from
the General Revenue Fund to the |
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1 | Road Fund one-twelfth of the amount
remaining to be transferred | ||||||
2 | on July 15, 1992, with such transfers
continuing on the first | ||||||
3 | of each month thereafter until the
total transfers required to | ||||||
4 | be made by this Section have been completed.
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5 | (Source: P.A. 86-1159; 87-860.)
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