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96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB6299
Introduced 2/17/2010, by Rep. Eddie Lee Jackson, Sr. SYNOPSIS AS INTRODUCED:
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30 ILCS 105/5.756 new |
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30 ILCS 105/6z-82 new |
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Amends the State Finance Act. Creates the East St. Louis Financial Advisory Authority Trust Fund as a special trust fund in the State treasury. Provides for the Authority to transfer money into the Fund. Allows the Authority to expend moneys from the Fund for any legal expense of the Authority, including its personnel costs. Deems its employees to be State employees. Provides that the Fund is not subject to appropriation. Effective immediately.
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| FISCAL NOTE ACT MAY APPLY | |
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A BILL FOR
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HB6299 |
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LRB096 20869 RCE 36644 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 adding |
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| Sections 5.756 and 6z-82 as follows:
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| (30 ILCS 105/5.756 new) |
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| Sec. 5.756. The East St. Louis Financial Advisory Authority |
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| Trust Fund.
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| (30 ILCS 105/6z-82 new) |
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| Sec. 6z-82. East St. Louis Financial Advisory Authority |
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| Trust Fund. The East St. Louis Financial Advisory Authority |
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| Trust Fund is created as a special trust fund in the State |
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| treasury. The East St. Louis Financial Advisory Authority may |
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| deposit moneys into the Fund. All income earned on moneys in |
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| the Fund shall be deposited into the Fund. The East St. Louis |
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| Financial Advisory Authority may expend moneys in the Fund for |
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| any legal expense of the Authority, including without |
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| limitation personnel costs of its employees, who shall be |
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| deemed State employees for purposes of the Illinois Pension |
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| Code and the State Employees Group Insurance Act of 1971. The |
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| Fund is not subject to appropriation.
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