HB1914 EngrossedLRB097 07307 PJG 47416 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 5 as follows:
6    (30 ILCS 105/5)  (from Ch. 127, par. 141)
7    Sec. 5. Special funds.
8    (a) There are special funds in the State Treasury
9designated as specified in the Sections which succeed this
10Section 5 and precede Section 6.
11    (b) Except as provided in the Illinois Motor Vehicle Theft
12Prevention Act, when any special fund in the State Treasury is
13discontinued by an Act of the General Assembly, any balance
14remaining therein on the effective date of such Act shall be
15transferred to the General Revenue Fund, or to such other fund
16as such Act shall provide. Warrants outstanding against such
17discontinued fund at the time of the transfer of any such
18balance therein shall be paid out of the fund to which the
19transfer was made.
20    (c) When any special fund in the State Treasury has been
21inactive for 18 months or longer, the fund is automatically
22terminated by operation of law and the balance remaining in
23such fund shall be transferred by the Comptroller to the



HB1914 Engrossed- 2 -LRB097 07307 PJG 47416 b

1General Revenue Fund. When a special fund has been terminated
2by operation of law as provided in this Section, the General
3Assembly shall repeal or amend all Sections of the statutes
4creating or otherwise referring to that fund.
5    The Comptroller shall be allowed the discretion to maintain
6or dissolve any federal trust fund which has been inactive for
718 months or longer.
8    (d) (Blank).
9    (e) (Blank).
10    (f) Beginning on the effective date of this amendatory Act
11of the 97th General Assembly, and notwithstanding any other law
12to the contrary, no special fund in the State treasury shall be
13subject to administrative charge-backs.
14(Source: P.A. 90-372, eff. 7-1-98.)
15    Section 99. Effective date. This Act takes effect upon
16becoming law.