Full Text of HB4139 97th General Assembly
HB4139 97TH GENERAL ASSEMBLY |
| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012 HB4139 Introduced 1/30/2012, by Rep. Frank J. Mautino SYNOPSIS AS INTRODUCED: |
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30 ILCS 105/6p-3 | from Ch. 127, par. 142p3 |
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Amends the State Finance Act. Provides that, if at the end of the lapse period the balance in the State Surplus Property Revolving Fund exceeds the amount of $1,000,000 (now, $500,000), all monies in excess of that amount shall be transferred and deposited into the General Revenue Fund. Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | | HB4139 | | LRB097 15969 PJG 61119 b |
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| 1 | | AN ACT concerning finance.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 5. The State Finance Act is amended by changing | 5 | | Section 6p-3 as follows:
| 6 | | (30 ILCS 105/6p-3) (from Ch. 127, par. 142p3)
| 7 | | Sec. 6p-3.
(a) The State Surplus Property Revolving Fund | 8 | | shall be initially
financed by a transfer of funds from the | 9 | | General Revenue Fund. Thereafter
all fees and other monies | 10 | | received by the Department of Central Management
Services from | 11 | | the sale or transfer of surplus or transferable property | 12 | | pursuant
to the "State Property Control Act" and "An Act to | 13 | | create and establish
a State Agency for Federal Surplus | 14 | | Property, to prescribe its powers, duties
and functions", | 15 | | approved August 2, 1965, as amended, shall be paid into
the | 16 | | State Surplus Property Revolving Fund. Except as provided in
| 17 | | paragraph (e) of this Section, the money in this fund shall be | 18 | | used by the
Department of Central Management Services as | 19 | | reimbursement for expenditures
incurred in relation to the sale | 20 | | of surplus or transferable property.
| 21 | | (b) If at the end of the lapse period the balance in the | 22 | | State Surplus
Property Revolving Fund exceeds the amount of | 23 | | $1,000,000 $500,000 , all monies in
excess of that amount shall |
| | | HB4139 | - 2 - | LRB097 15969 PJG 61119 b |
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| 1 | | be transferred and deposited into the
General Revenue Fund.
| 2 | | (c) Provided, however, that the fund established by this | 3 | | Section shall
contain a separate account for the deposit of all | 4 | | proceeds resulting from
the sale of Federal surplus property, | 5 | | and the proceeds of this separate
account shall be used solely | 6 | | to reimburse the Department of Central
Management Services for | 7 | | expenditures incurred in relation to the sale of
Federal | 8 | | surplus property.
| 9 | | (d) Any funds on deposit in the State Agency for Surplus | 10 | | Property
Utilization Fund on the effective date of this | 11 | | amendatory Act of 1983 shall
be transferred to the Federal | 12 | | account of the State Surplus Property
Revolving Fund.
| 13 | | (e) Revenues received from the sale of wastepaper through | 14 | | paper
recycling programs shall be placed into a separate | 15 | | account in the Fund and
shall be used to offset costs to the | 16 | | Department of establishing and
operating wastepaper recycling | 17 | | programs. At the end of each calendar
quarter, any amounts in | 18 | | the separate account that have not been used or
designated for | 19 | | use shall be transferred to the Paper and Printing
Revolving | 20 | | Fund.
| 21 | | (Source: P.A. 85-1197.)
| 22 | | Section 99. Effective date. This Act takes effect upon | 23 | | becoming law.
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