|
|
Sen. Jeffrey M. Schoenberg
Filed: 5/23/2008
|
|
09500SB0790sam001 |
|
LRB095 05455 RCE 51417 a |
|
|
| 1 |
| AMENDMENT TO SENATE BILL 790
|
| 2 |
| AMENDMENT NO. ______. Amend Senate Bill 790 by replacing |
| 3 |
| everything after the enacting clause with the following:
|
| 4 |
| "Section 5. The State Finance Act is amended by adding |
| 5 |
| Section 8.46 as follows:
|
| 6 |
| (30 ILCS 105/8.46 new) |
| 7 |
| Sec. 8.46. Transfers to the General Revenue Fund. |
| 8 |
| (a) Notwithstanding any other State law to the contrary and |
| 9 |
| except as otherwise provided in this Section, the Governor may, |
| 10 |
| beginning on July 1, 2008 and through June 30, 2009, from time |
| 11 |
| to time direct the State Treasurer and State Comptroller to |
| 12 |
| transfer sums specified by the Governor up to a total sum of |
| 13 |
| $530,000,000 from any fund or funds held by the State |
| 14 |
| Comptroller and State Treasurer to the General Revenue Fund in |
| 15 |
| order to help reduce the State's fiscal deficit and preserve |
| 16 |
| the State's ability to meet all of its fiscal obligations. The |
|
|
|
09500SB0790sam001 |
- 2 - |
LRB095 05455 RCE 51417 a |
|
|
| 1 |
| sums transferred by the Governor to the General Revenue Fund |
| 2 |
| under this Section may be used only to pay Medicaid |
| 3 |
| obligations, State financial obligations that secure federal |
| 4 |
| funds, or obligations of the State Board of Education. In |
| 5 |
| determining the amount of the transfer to the General Revenue |
| 6 |
| Fund, the Governor shall calculate whether the available |
| 7 |
| resources in the fund are sufficient to satisfy the unexpended |
| 8 |
| and unreserved appropriations from the fund for the fiscal |
| 9 |
| year. No transfer may be made from a fund under this Section |
| 10 |
| that would have the effect of reducing the available balance in |
| 11 |
| the fund to an amount less than the amount remaining unexpended |
| 12 |
| and unreserved from the total appropriation from that fund |
| 13 |
| estimated to be expended for that fiscal year. This Section |
| 14 |
| does not apply to any funds that are restricted by federal law |
| 15 |
| to a specific use or are used primarily for the repayment of |
| 16 |
| State indebtedness. |
| 17 |
| In calculating the available resources in a fund, the |
| 18 |
| Governor may include receipts, transfers into the fund, and |
| 19 |
| other resources anticipated to be available in the fund in that |
| 20 |
| fiscal year. |
| 21 |
| The State Treasurer and State Comptroller shall transfer |
| 22 |
| the amounts designated under this Section as soon as may be |
| 23 |
| practicable after receiving the direction to transfer from the |
| 24 |
| Governor. |
| 25 |
| (b) On and after July 1, 2008 and through June 30, 2009, |
| 26 |
| when any of the funds subject to the transfers made pursuant to |
|
|
|
09500SB0790sam001 |
- 3 - |
LRB095 05455 RCE 51417 a |
|
|
| 1 |
| subsection (a) have insufficient cash from which the State |
| 2 |
| Comptroller may make expenditures properly supported by |
| 3 |
| appropriations from the fund, the Governor may direct the State |
| 4 |
| Comptroller and the State Treasurer to reverse the transfers |
| 5 |
| previously authorized by subsection (a) to the General Revenue |
| 6 |
| Fund and retransfer from the General Revenue Fund, if |
| 7 |
| applicable, all or a portion of the transfers made pursuant to |
| 8 |
| subsection (a). The Governor may further direct from time to |
| 9 |
| time that all or a portion of the amounts transferred from the |
| 10 |
| General Revenue Fund to a fund pursuant to this subsection (b) |
| 11 |
| be re-transferred by the State Comptroller and the State |
| 12 |
| Treasurer from the receiving fund into the General Revenue Fund |
| 13 |
| as soon as and to the extent that deposits are made into or |
| 14 |
| receipts are collected by the receiving fund. |
| 15 |
| (c) No transfers may be made under this Section to the |
| 16 |
| General Revenue Fund from any of the following funds: |
| 17 |
| (1) The Road Fund. |
| 18 |
| (2) The Open Space Lands Acquisition and Development |
| 19 |
| Fund (OSLAD). |
| 20 |
| (3) Metabolic Screening and Treatment Fund. |
| 21 |
| (4) The Illinois Veterans' Homes Fund. |
| 22 |
| (5) The Illinois Veterans Assistance Fund. |
| 23 |
| (6) The LaSalle Veterans Home Fund. |
| 24 |
| (7) The Anna Veterans Home Fund. |
| 25 |
| (8) The GI Education Fund. |
| 26 |
| (9) The Quincy Veterans Home Fund. |
|
|
|
09500SB0790sam001 |
- 4 - |
LRB095 05455 RCE 51417 a |
|
|
| 1 |
| (10) The Illinois Military Family Relief Fund. |
| 2 |
| (11) The Veterans' Affairs Federal Projects Fund. |
| 3 |
| (12) The Manteno Veterans Home Fund. |
| 4 |
| (13) The Veterans' Affairs Library Grant Fund. |
| 5 |
| (14) The Veterans' Affairs State Projects Fund. |
| 6 |
| (15) The Military Affairs Trust Fund. |
| 7 |
| (16) The Federal Support Agreement Revolving Fund. |
| 8 |
| (17) The Illinois Veterans' Rehabilitation Fund. |
| 9 |
| (18) The Armory Rental Fund. |
| 10 |
| (19) The State Construction Account Fund. |
| 11 |
| (20) The Motor Fuel Tax Fund. |
| 12 |
| (21) The Teachers' Health Insurance Security Fund.
|
| 13 |
| Section 99. Effective date. This Act takes effect upon |
| 14 |
| becoming law.".
|