Sen. James T. Meeks
Filed: 5/29/2009
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| 1 | AMENDMENT TO SENATE BILL 750
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| 2 | AMENDMENT NO. ______. Amend Senate Bill 750, AS AMENDED, | ||||||
| 3 | with reference to page and line numbers of Senate Amendment No. | ||||||
| 4 | 4, by replacing everything from line 18 on page 2 to line 11 on | ||||||
| 5 | page 3 with the following:
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| 6 | "(b-5) In fiscal year 2010, no appropriation made from | ||||||
| 7 | General funds to the State Board of Education, the Board of | ||||||
| 8 | Higher Education, the Community College Board, the Student | ||||||
| 9 | Assistance Commission, or any public university may be | ||||||
| 10 | decreased from its fiscal year 2009 general appropriation | ||||||
| 11 | level. An exception may be made only if a program's | ||||||
| 12 | appropriation is based on actual cost and that cost has been | ||||||
| 13 | determined by the Board or university to require a lesser | ||||||
| 14 | appropriation; however, the aggregate appropriation to those | ||||||
| 15 | Boards or universities for fiscal year 2010 shall not under any | ||||||
| 16 | circumstances represent a decrease from the fiscal year 2009 | ||||||
| 17 | aggregate general fund appropriation level for that Board or | ||||||
| 18 | university. | ||||||
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| 1 | (b-10) Beginning in fiscal year 2011 and in each fiscal | ||||||
| 2 | year thereafter, in addition to the amounts required to be | ||||||
| 3 | transferred under subsection (b), an amount equal to the first | ||||||
| 4 | 40% of the amount of additional revenue generated through the | ||||||
| 5 | taxes imposed by this amendatory Act of the 96th General | ||||||
| 6 | Assembly in that fiscal year shall be transferred from the | ||||||
| 7 | General Revenue Fund to the Common School Fund. In addition, | ||||||
| 8 | beginning in fiscal year 2011 and in each fiscal year | ||||||
| 9 | thereafter, an amount equal to the next 10% of the amount of | ||||||
| 10 | additional revenue generated through those taxes shall be | ||||||
| 11 | transferred from the General Revenue Fund to the Higher | ||||||
| 12 | Education Fund. | ||||||
| 13 | (b-15) The Higher Education Fund is created as a special | ||||||
| 14 | fund in the State treasury. Moneys in this Fund may be used | ||||||
| 15 | only for purposes related to higher education. The Higher | ||||||
| 16 | Education Fund is not subject to administrative charges that | ||||||
| 17 | would in any way transfer any funds from the Higher Education | ||||||
| 18 | Fund into any other fund of the State."; and | ||||||
| 19 | on page 3, line 16, by replacing "5,720, and 5.721" with | ||||||
| 20 | "5.720, 5.721, and 5.723"; and | ||||||
| 21 | on page 3, immediately below line 22, by inserting the | ||||||
| 22 | following: | ||||||
| 23 | "(30 ILCS 105/5.723 new)
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| 1 | Sec. 5.723. The Higher Education Fund.".
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