SB0274sam002 99TH GENERAL ASSEMBLY

Sen. Dan Kotowski

Filed: 4/20/2015

09900SB0274sam002 LRB099 03020 SXM 34420 a

AMENDMENT TO SENATE BILL 274

AMENDMENT NO. ______. Amend Senate Bill 274 by replacing everything after the enacting clause with the following:

"Section 5. The State Finance Act is amended by adding Section 8.57 as follows:

(30 ILCS 105/8.57 new)

Sec. 8.57. Special fund transfers. Actions authorized under this Act are intended to support fiscal year 2015 programs so as to avoid any hardship imposed upon providers as a result of grant suspensions.

(a) In order to maintain the integrity of special funds and improve the stability in the General Revenue Fund, up to an additional $26 million from other funds authorized in Public Act 99-02 are allowed to be transferred from the other funds to the General Revenue Fund, except the Road Fund, Motor Fuel Tax Fund, and State Construction Account Fund.

(b) On and after the effective date of this amendatory Act of the 99th General Assembly through the end of State fiscal year 2015, when any of the funds listed in subsection (a) have insufficient cash from which the State Comptroller may make expenditures properly supported by appropriations from the fund, then, at the direction of the Director of the Governor's Office of Management and Budget, the State Treasurer and State Comptroller shall transfer from the General Revenue Fund to the fund only such amount as is immediately necessary to satisfy outstanding expenditure obligations on a timely basis, subject to the provisions of the State Prompt Payment Act. All or a portion of the amounts transferred from the General Revenue Fund to a fund pursuant to this subsection (b) from time to time may be re-transferred by the State Comptroller and the State Treasurer from the receiving fund into the General Revenue Fund as soon as and to the extent that deposits are made into or receipts are collected by the receiving fund.

(c) The State Treasurer and State Comptroller shall transfer the amounts designated under subsections (a) of this Section as soon as may be practicable after receiving the direction to transfer from the Director of the Governor's Office of Management and Budget. If the Director of the Governor's Office of Management and Budget determines that any transfer authorized by this Section from a special fund under subsection (a) either (i) jeopardizes federal funding based on a written communication from a federal official or (ii) violates an order of a court of competent jurisdiction, then the Director may order the State Treasurer and State Comptroller, in writing, to (i) transfer from the General Revenue Fund to that listed special fund all or part of the amounts transferred from that special fund under subsection (a).

(d) For the fourth quarter of State fiscal year 2015, the report filed under Section 7.2 of the Governor's Office of Management and Budget Act shall contain, in addition to the information otherwise required, information on all transfers made pursuant to this Section, including all of the following:

(1) The date each transfer was made.

(2) The amount of each transfer.

(3) In the case of a transfer from the General Revenue Fund to a fund of origin pursuant to subsection (c) or (d) of this Section, the amount of such transfer and the date such transfer was made.

(4) The end of day balance of both the fund of origin and the General Revenue Fund on the date the transfer was made.

(e) Notwithstanding any provision of law to the contrary, the transfers in this Section shall be made through the end of State fiscal year 2015.".

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