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AMENDMENT TO SENATE BILL 2350 




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    AMENDMENT NO. ______. Amend Senate Bill 2350 on page 3, by replacing 
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lines 4 through 5 with the following:
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"shall be deposited into the Clean Water Trust"; and

 
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on page 5, line 6, by changing "2 and 6" to "2, 6, and 12"; and
 
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on page 6, immediately below line 26, by inserting the following:
 



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    "(30 ILCS 330/12)  (from Ch. 127, par. 662)


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    Sec. 12. Allocation of Proceeds from Sale of Bonds. 

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    (a) Proceeds from the sale of Bonds, authorized by Section 3 of this Act,

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shall be deposited in the separate fund known as the Capital Development Fund.

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    (b) Proceeds from the sale of Bonds, authorized by paragraph (a) of Section
4 
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of this Act, shall be deposited in the separate fund known as the
Transportation 
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Bond, Series A Fund.

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    (c) Proceeds from the sale of Bonds, authorized by paragraphs (b) and (c)
of 
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Section 4 of this Act, shall be deposited in the separate fund known
as the 
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Transportation Bond, Series B Fund.

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    (d) Proceeds from the sale of Bonds, authorized by Section 5 of this
Act, 
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shall be deposited in the separate fund known as the School Construction
Fund.

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    (e) Proceeds from the sale of Bonds, authorized by subsections (a) and (b) of 
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Section 6 of this Act,
shall be deposited in the separate fund known as the 
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Anti-Pollution Fund.

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    (e-5) Proceeds from the sale of Bonds, authorized by subsection (c) of Section 
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6 of this Act, shall be deposited in the separate fund known as the Clean Water 
 


 






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Trust Fund.

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    (f) Proceeds from the sale of Bonds, authorized by Section 7 of this Act,
shall 
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be deposited in the separate fund known as the Coal Development Fund.

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    (f-2) Proceeds from the sale of Bonds, authorized by Section 7.2 of this
Act, 
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shall be deposited as set forth in Section 7.2.

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    (f-5) Proceeds from the sale of Bonds, authorized by Section 7.5 of this
Act, 
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shall be deposited as set forth in Section 7.5.

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    (g) Proceeds from the sale of Bonds, authorized by Section 8 of this Act,

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shall be deposited in
the Capital Development Fund.

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    (h) Subsequent to the issuance of any Bonds for the purposes described
in 
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Sections 2 through 8 of this Act, the Governor and the Director of the
Governor's 
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Office of Management and Budget
Bureau of the Budget may provide for the 
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reallocation of unspent proceeds
of such Bonds to any other purposes authorized 
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under said Sections of this
Act, subject to the limitations on aggregate principal 
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amounts  contained
therein.  Upon any such reallocation, such unspent proceeds shall 
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be
transferred to the appropriate funds as determined by reference to
paragraphs (a) 
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through (g) of this Section.

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(Source: P.A. 92-596, eff. 6-28-02; 93-2, eff. 4-7-03; revised 8-23-03.)".