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94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB3122
Introduced 2/22/2005, by Rep. Tom Cross SYNOPSIS AS INTRODUCED:
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30 ILCS 105/5g |
from Ch. 127, par. 141g |
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Amends the State Finance Act. Makes a technical change in a Section
concerning
the transfer of road fund money.
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A BILL FOR
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HB3122 |
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LRB094 08491 BDD 38698 b |
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| AN ACT concerning finance.
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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 |
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| Section 5g as follows:
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| (30 ILCS 105/5g) (from Ch. 127, par. 141g)
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| Sec. 5g. (a) After July 1, 1991, the
the General Assembly |
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| shall direct the
transfer from the General Revenue Fund to the |
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| Road Fund of the sum of
$36,000,000, or so much thereof as may |
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| be necessary, so that after such
transfer the total |
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| expenditures for the fiscal year beginning July 1, 1990
for the |
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| Division of State Troopers from the Road Fund do not exceed the
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| amount appropriated in fiscal year 1990 for the
Division of |
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| State Troopers. Such transfers shall be completed no later
than |
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| June 30, 1992. |
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| (b) If the General Assembly has not completed the transfers |
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| required
under subsection (a) of this Section on or before June |
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| 30, 1992, and if
the General Revenue Fund balance is $250 |
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| million or greater on June 30,
1992 or June 30th of any year |
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| thereafter, on July 1 of the fiscal year
immediately following |
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| the fiscal year which has a June 30th balance of $250
million |
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| or greater, the
Comptroller shall order the transfer and the |
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| Treasurer shall transfer from
the General Revenue Fund to the |
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| Road Fund one-twelfth of the amount
remaining to be transferred |
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| on July 15, 1992, with such transfers
continuing on the first |
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| of each month thereafter until the
total transfers required to |
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| be made by this Section have been completed.
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| (Source: P.A. 86-1159; 87-860.)
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