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Public Act 093-0714 |
SB2530 Enrolled |
LRB093 19825 DRJ 45568 b |
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AN ACT concerning aging.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The State Finance Act is amended by changing |
Section 8h as follows: |
(30 ILCS 105/8h)
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Sec. 8h. Transfers to General Revenue Fund. |
(a) Except as provided in subsection (b), notwithstanding
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Notwithstanding any other
State law to the contrary, the |
Director of the
Governor's Office of Management and Budget
may |
from time to time direct the State Treasurer and Comptroller to |
transfer
a specified sum from any fund held by the State |
Treasurer to the General
Revenue Fund in order to help defray |
the State's operating costs for the
fiscal year. The total |
transfer under this Section from any fund in any
fiscal year |
shall not exceed the lesser of 8% of the revenues to be |
deposited
into the fund during that year or 25% of the |
beginning balance in the fund.
No transfer may be made from a |
fund under this Section that would have the
effect of reducing |
the available balance in the fund to an amount less than
the |
amount remaining unexpended and unreserved from the total |
appropriation
from that fund for that fiscal year. This Section |
does not apply to any
funds that are restricted by federal law |
to a specific use or to any funds in
the Motor Fuel Tax Fund or |
the Hospital Provider Fund. Notwithstanding any
other |
provision of this Section,
the total transfer under this |
Section from the Road Fund or the State
Construction Account |
Fund shall not exceed 5% of the revenues to be deposited
into |
the fund during that year.
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In determining the available balance in a fund, the |
Director of the
Governor's Office of Management and Budget
may |
include receipts, transfers into the fund, and other
resources |