|
|
Sen. John M. Sullivan
Filed: 5/29/2009
|
|
09600SB0750sam006 |
|
LRB096 09436 HLH 27745 a |
|
|
| 1 |
| AMENDMENT TO SENATE BILL 750
|
| 2 |
| AMENDMENT NO. ______. Amend Senate Bill 750, AS AMENDED, |
| 3 |
| with reference to page and line numbers of Senate Amendment No. |
| 4 |
| 4, by replacing everything from line 18 on page 2 to line 11 on |
| 5 |
| page 3 with the following:
|
| 6 |
| "(b-5) In fiscal year 2010, no appropriation made from |
| 7 |
| General funds to the State Board of Education, the Board of |
| 8 |
| Higher Education, the Community College Board, the Student |
| 9 |
| Assistance Commission, or any public university may be |
| 10 |
| decreased from its fiscal year 2009 general appropriation |
| 11 |
| level. An exception may be made only if a program's |
| 12 |
| appropriation is based on actual cost and that cost has been |
| 13 |
| determined by the Board or university to require a lesser |
| 14 |
| appropriation; however, the aggregate appropriation to those |
| 15 |
| Boards or universities for fiscal year 2010 shall not under any |
| 16 |
| circumstances represent a decrease from the fiscal year 2009 |
| 17 |
| aggregate general fund appropriation level for that Board or |
| 18 |
| university. |
|
|
|
09600SB0750sam006 |
- 2 - |
LRB096 09436 HLH 27745 a |
|
|
| 1 |
| (b-10) Beginning in fiscal year 2011 and in each fiscal |
| 2 |
| year thereafter, in addition to the amounts required to be |
| 3 |
| transferred under subsection (b), an amount equal to the first |
| 4 |
| 33 1/3% of the amount of additional revenue generated through |
| 5 |
| the taxes imposed by this amendatory Act of the 96th General |
| 6 |
| Assembly in that fiscal year shall be transferred from the |
| 7 |
| General Revenue Fund to the Common School Fund. In addition, |
| 8 |
| beginning in fiscal year 2011 and in each fiscal year |
| 9 |
| thereafter, an amount equal to the next 16 2/3% of the amount |
| 10 |
| of additional revenue generated through those taxes shall be |
| 11 |
| transferred from the General Revenue Fund to the Higher |
| 12 |
| Education Fund. |
| 13 |
| (b-15) The Higher Education Fund is created as a special |
| 14 |
| fund in the State treasury. Moneys in this Fund may be used |
| 15 |
| only for purposes related to higher education. The Higher |
| 16 |
| Education Fund is not subject to administrative charges that |
| 17 |
| would in any way transfer any funds from the Higher Education |
| 18 |
| Fund into any other fund of the State."; and
|
| 19 |
| on page 3, line 16, by replacing "5.720, and 5.721" with |
| 20 |
| "5.720, 5.721, and 5.723"; and
|
| 21 |
| on page 3, immediately below line 22, by inserting the |
| 22 |
| following:
|
| 23 |
| "(30 ILCS 105/5.723 new)
|