97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB0464

 

Introduced 01/31/11, by Rep. Michael J. Madigan

 

SYNOPSIS AS INTRODUCED:
 
30 ILCS 105/6c  from Ch. 127, par. 142c

    Amends the State Finance Act. Makes a technical change in a Section concerning the deposit of money received by the Division of Highways of the Department of Transportation into the road fund.


LRB097 03291 PJG 43328 b

 

 

A BILL FOR

 

HB0464LRB097 03291 PJG 43328 b

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 6c as follows:
 
6    (30 ILCS 105/6c)  (from Ch. 127, par. 142c)
7    Sec. 6c. All fees and and other money received by the
8Division of Highways of the Department of Transportation shall,
9upon being paid into the State treasury, be placed in the road
10fund. After the effective date of this amendatory Act of 1980,
11investment income which is attributable to the investment of
12moneys of the road fund shall be retained in the road fund.
13(Source: P.A. 81-1550.)