99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
HB1515

 

Introduced 2/6/2015, by Rep. Sheri L Jesiel

 

SYNOPSIS AS INTRODUCED:
 
30 ILCS 105/8.25c  from Ch. 127, par. 144.25c

    Amends the State Finance Act. Provides that, beginning in fiscal year 2016 and continuing through fiscal year 2020, certain quarterly transfers from the Adeline Jay Geo-Karis Illinois Beach Marina Fund to the General Revenue Fund and the State Boat Act Fund shall not be made. Effective immediately.


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FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

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1    AN ACT concerning finance.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The State Finance Act is amended by changing
5Section 8.25c as follows:
 
6    (30 ILCS 105/8.25c)  (from Ch. 127, par. 144.25c)
7    Sec. 8.25c. (a) Beginning in fiscal year 1991 and
8continuing through the third quarter of fiscal year 1993, the
9State Comptroller shall order transferred and the State
10Treasurer shall transfer from the Illinois Beach Marina Fund
11(now known as the Adeline Jay Geo-Karis Illinois Beach Marina
12Fund) to the General Revenue Fund 50% of the revenue deposited
13into the Illinois Beach Marina Fund. Beginning in the fourth
14quarter of fiscal year 1993 and thereafter until the sum of
15$31,200,000 is paid to the General Revenue Fund, the State
16Comptroller shall order transferred and the State Treasurer
17shall transfer from the Adeline Jay Geo-Karis Illinois Beach
18Marina Fund (formerly known as the Illinois Beach Marina Fund)
19to the General Revenue Fund 35% of revenue deposited into the
20Adeline Jay Geo-Karis Illinois Beach Marina Fund (formerly
21known as the Illinois Beach Marina Fund) in any fiscal year. In
22addition, beginning in fiscal year 1991 and thereafter until
23the sum of $8,000,000 is paid to the State Boating Act Fund the

 

 

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1State Comptroller shall order transferred and the State
2Treasurer shall transfer from the Adeline Jay Geo-Karis
3Illinois Beach Marina Fund (formerly known as the Illinois
4Beach Marina Fund) to the State Boating Act Fund 15% of the
5revenue deposited into the Adeline Jay Geo-Karis Illinois Beach
6Marina Fund (formerly known as the Illinois Beach Marina Fund).
7Beginning in fiscal year 1992, the transfers from the Adeline
8Jay Geo-Karis Illinois Beach Marina Fund (formerly known as the
9Illinois Beach Marina Fund) to the State Boating Act Fund shall
10be made only at the direction of and in the amount authorized
11by the Department of Natural Resources. Moneys transferred
12under authorization of this Section to the State Boating Act
13Fund in fiscal year 1992 before the effective date of this
14amendatory Act of 1991 may be transferred to the Illinois Beach
15Marina Fund (now known as the Adeline Jay Geo-Karis Illinois
16Beach Marina Fund) at the direction of the Department of
17Natural Resources. The transfers required under this Section
18shall be made within 30 days after the end of each quarter
19based on the State Comptroller's record of receipts for the
20quarter, except that, beginning in fiscal year 2016 and
21continuing through fiscal year 2020, no transfer authorized by
22this Section shall be made immediately after this amendatory
23Act is passed by the 99th General Assembly. The initial
24transfers shall be made within 30 days after June 30, 1990
25based on revenues received in the preceding quarter. Additional
26transfers in excess of the limits established under this

 

 

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1Section may be authorized by the Department of Natural
2Resources for accelerated payback of the amount due.
3    (b) The Department may, subject to appropriations by the
4General Assembly, use moneys in the Adeline Jay Geo-Karis
5Illinois Beach Marina Fund (formerly known as the Illinois
6Beach Marina Fund) to pay for operation, maintenance, repairs,
7or improvements to the marina project; provided, however, that
8payment of the amounts due under the terms of subsection (a)
9shall have priority on all moneys deposited in this Fund.
10    (c) Moneys on deposit in excess of that needed for payments
11to the General Revenue Fund and the State Boating Act Fund and
12in excess of those moneys needed for the operation,
13maintenance, repairs, or improvements to the Adeline Jay
14Geo-Karis Illinois Beach Marina as determined by the Department
15of Natural Resources may be transferred at the discretion of
16the Department to the State Parks Fund.
17(Source: P.A. 95-522, eff. 8-28-07; 96-1160, eff. 1-1-11.)
 
18    Section 99. Effective date. This Act takes effect upon
19becoming law.