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Sen. James T. Meeks
Filed: 5/29/2009
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09600SB0750sam005 |
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LRB096 09436 HLH 27714 a |
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| AMENDMENT TO SENATE BILL 750
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| AMENDMENT NO. ______. Amend Senate Bill 750, AS AMENDED, |
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| with reference to page and line numbers of Senate Amendment No. |
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| 4, by replacing everything from line 18 on page 2 to line 11 on |
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| page 3 with the following:
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| "(b-5) In fiscal year 2010, no appropriation made from |
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| General funds to the State Board of Education, the Board of |
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| Higher Education, the Community College Board, the Student |
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| Assistance Commission, or any public university may be |
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| decreased from its fiscal year 2009 general appropriation |
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| level. An exception may be made only if a program's |
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| appropriation is based on actual cost and that cost has been |
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| determined by the Board or university to require a lesser |
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| appropriation; however, the aggregate appropriation to those |
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| Boards or universities for fiscal year 2010 shall not under any |
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| circumstances represent a decrease from the fiscal year 2009 |
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| aggregate general fund appropriation level for that Board or |
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| university. |
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09600SB0750sam005 |
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LRB096 09436 HLH 27714 a |
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| (b-10) Beginning in fiscal year 2011 and in each fiscal |
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| year thereafter, in addition to the amounts required to be |
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| transferred under subsection (b), an amount equal to the first |
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| 40% of the amount of additional revenue generated through the |
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| taxes imposed by this amendatory Act of the 96th General |
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| Assembly in that fiscal year shall be transferred from the |
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| General Revenue Fund to the Common School Fund. In addition, |
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| beginning in fiscal year 2011 and in each fiscal year |
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| thereafter, an amount equal to the next 10% of the amount of |
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| additional revenue generated through those taxes shall be |
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| transferred from the General Revenue Fund to the Higher |
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| Education Fund. |
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| (b-15) The Higher Education Fund is created as a special |
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| fund in the State treasury. Moneys in this Fund may be used |
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| only for purposes related to higher education. The Higher |
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| Education Fund is not subject to administrative charges that |
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| would in any way transfer any funds from the Higher Education |
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| Fund into any other fund of the State."; and
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| on page 3, line 16, by replacing "5,720, and 5.721" with |
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| "5.720, 5.721, and 5.723"; and
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| on page 3, immediately below line 22, by inserting the |
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| following:
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| "(30 ILCS 105/5.723 new)
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