Rep. Karen May
Filed: 3/4/2011
 
 

 

 

 
09700HB1355ham002LRB097 07051 HLH 52021 a



1
AMENDMENT TO HOUSE BILL 1355 




2    AMENDMENT NO. ______. Amend House Bill 1355 by replacing 
3everything after the enacting clause with the following:

 
4    "Section 5. The Department of Revenue Law of the
Civil 
5Administrative Code of Illinois is amended  by adding Section 
62505-755 as follows:
 
7    (20 ILCS 2505/2505-755 new)
8    Sec. 2505-755. Deposit of State funds.  Notwithstanding any 
9other provision of law, the proceeds from any tax imposed by 
10the State and collected and administered by the Department 
11shall be deposited into the appropriate fund in the State 
12treasury within 3 business days after the proceeds are received 
13by the Department.
 
14    Section 10. The State Finance Act is amended  by adding 
15Section 4.2 as follows:
 
 
 
09700HB1355ham002- 2 -LRB097 07051 HLH 52021 a

1    (30 ILCS 105/4.2 new)
2    Sec. 4.2. Deposit of State funds.  Notwithstanding any other 
3provision of law, moneys received by any State agency that are 
4required to be deposited into a fund in the State treasury  
5shall be deposited into the appropriate fund in the State 
6treasury within 3 business days after the moneys are received 
7by the agency.

 
8    Section 99. Effective date. This Act takes effect upon 
9becoming law.".