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96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB1024
Introduced 2/11/2009, by Rep. Careen M Gordon SYNOPSIS AS INTRODUCED:
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30 ILCS 105/5e |
from Ch. 127, par. 141e |
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Amends the State Finance Act. Makes a technical change in a Section concerning
the Road Fund.
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A BILL FOR
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HB1024 |
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LRB096 10018 RCE 20182 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 5e as follows:
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| (30 ILCS 105/5e) (from Ch. 127, par. 141e)
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| Sec. 5e.
The
The Governor, in his discretion, when he deems |
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| it necessary
for payments of the State's obligations, may |
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| authorize transfers from the
Road Fund to the State |
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| Construction Account Fund. Any amount so
transferred shall be |
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| retransferred from the State Construction Account Fund
to the |
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| Road Fund by the end of the fiscal year in which the transfer |
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| was
made. The transfers out of the Road Fund shall not exceed |
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| $35,000,000 in
any fiscal year. No transfers from the Road Fund |
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| which impair the
obligations of the State shall be authorized. |
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| The Comptroller and the
Treasurer, upon receipt of |
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| authorization from the Governor, shall make
transfers in |
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| accordance with this Section. In the event the Governor fails
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| to authorize the retransfer into the Road Fund as required by |
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| this Section,
the Comptroller and the Treasurer shall make such |
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| retransfer. |
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| (Source: P.A. 84-431.)
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