Date	Chamber	Action
1/13/2015	Senate	Session Sine Die

Statutes Amended In Order of Appearance

30 ILCS 105/8.3

from Ch. 127, par. 144.3

Synopsis As Introduced
Amends the State Finance Act. Provides that beginning in fiscal year 2014 the Road Fund must spend 40% of its revenue on actual construction and maintenance projects. Allows the Road Fund administrators that fall below this 40% threshold in one year to make additional expenditures in later years so that the three year average equals 40%. Directs the Comptroller to perform an audit of the Road Fund's revenue and expenditures every three years to ensure compliance with this requirement. Provides that if the Comptroller determines the Road Fund has not met its expenditure threshold, it will have its share of the Motor Fuel Sales Tax revenue reduced by 1%, and the State Construction Account Fund will receive the lost funds. Directs the Comptroller to conduct yearly, rather than thrice annual, audits upon determination of a deficiency, and provides that the Road Fund will continue losing shares of the Motor Fuel Sales Tax revenue to the State Construction Account Fund until it makes enough construction and maintenance expenditures to equal previous shortfalls. Provides that if the Road Fund has lost shares of the Motor Fuel Sales Tax revenue, it will regain them at the rate of 1% per year that it meets the 40% expenditure target. Provides that the Comptroller shall return to a three year audit schedule once the Road Fund has reacquired its lost shares of Motor Fuel Sales Tax revenue.

Actions 

Date	Chamber	Action
2/15/2013	Senate	Filed with Secretary by Sen. Pamela J. Althoff
2/15/2013	Senate	Chief Co-Sponsor Sen. William E. Brady
2/15/2013	Senate	Chief Co-Sponsor Sen. Sue Rezin
2/15/2013	Senate	Chief Co-Sponsor Sen. Karen McConnaughay
2/15/2013	Senate	First Reading
2/15/2013	Senate	Referred to Assignments
3/5/2013	Senate	Assigned to Transportation
3/19/2013	Senate	To Subcommittee on Special Issues (ST)
3/22/2013	Senate	Rule 3-9(a) / Re-referred to Assignments
1/13/2015	Senate	Session Sine Die

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