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| 1 | AN ACT concerning finance.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 4 | Section 5. The State Finance Act is amended by changing | ||||||
| 5 | Section 6p-3 as follows:
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| 6 | (30 ILCS 105/6p-3) (from Ch. 127, par. 142p3)
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| 7 | Sec. 6p-3.
(a) The State Surplus Property Revolving Fund | ||||||
| 8 | shall be initially
financed by a transfer of funds from the | ||||||
| 9 | General Revenue Fund. Thereafter
all fees and other monies | ||||||
| 10 | received by the Department of Central Management
Services from | ||||||
| 11 | the sale or transfer of surplus or transferable property | ||||||
| 12 | pursuant
to the "State Property Control Act" and "An Act to | ||||||
| 13 | create and establish
a State Agency for Federal Surplus | ||||||
| 14 | Property, to prescribe its powers, duties
and functions", | ||||||
| 15 | approved August 2, 1965, as amended, shall be paid into
the | ||||||
| 16 | State Surplus Property Revolving Fund. Except as provided in
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| 17 | paragraph (e) of this Section, the money in this fund shall be | ||||||
| 18 | used by the
Department of Central Management Services as | ||||||
| 19 | reimbursement for expenditures
incurred in relation to the sale | ||||||
| 20 | of surplus or transferable property.
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| 21 | (b) If at the end of the lapse period the balance in the | ||||||
| 22 | State Surplus
Property Revolving Fund exceeds the amount of | ||||||
| 23 | $1,000,000 $500,000, all monies in
excess of that amount shall | ||||||
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| 1 | be transferred and deposited into the
General Revenue Fund.
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| 2 | (c) Provided, however, that the fund established by this | ||||||
| 3 | Section shall
contain a separate account for the deposit of all | ||||||
| 4 | proceeds resulting from
the sale of Federal surplus property, | ||||||
| 5 | and the proceeds of this separate
account shall be used solely | ||||||
| 6 | to reimburse the Department of Central
Management Services for | ||||||
| 7 | expenditures incurred in relation to the sale of
Federal | ||||||
| 8 | surplus property.
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| 9 | (d) Any funds on deposit in the State Agency for Surplus | ||||||
| 10 | Property
Utilization Fund on the effective date of this | ||||||
| 11 | amendatory Act of 1983 shall
be transferred to the Federal | ||||||
| 12 | account of the State Surplus Property
Revolving Fund.
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| 13 | (e) Revenues received from the sale of wastepaper through | ||||||
| 14 | paper
recycling programs shall be placed into a separate | ||||||
| 15 | account in the Fund and
shall be used to offset costs to the | ||||||
| 16 | Department of establishing and
operating wastepaper recycling | ||||||
| 17 | programs. At the end of each calendar
quarter, any amounts in | ||||||
| 18 | the separate account that have not been used or
designated for | ||||||
| 19 | use shall be transferred to the Paper and Printing
Revolving | ||||||
| 20 | Fund.
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| 21 | (Source: P.A. 85-1197.)
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| 22 | Section 99. Effective date. This Act takes effect upon | ||||||
| 23 | becoming law.
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