Full Text of HB2536 094th General Assembly
HB2536eng 94TH GENERAL ASSEMBLY
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HB2536 Engrossed |
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LRB094 10200 EFG 40467 b |
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| AN ACT concerning State finance.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The State Finance Act is amended by changing | 5 |
| Section 8h as follows: | 6 |
| (30 ILCS 105/8h)
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| Sec. 8h. Transfers to General Revenue Fund. | 8 |
| (a) Except as provided in subsection (b) and subsection (c) | 9 |
| of this Section , notwithstanding any other
State law to the | 10 |
| contrary, the Governor
may, through June 30, 2007, from time to | 11 |
| time direct the State Treasurer and Comptroller to transfer
a | 12 |
| specified sum from any fund held by the State Treasurer to the | 13 |
| General
Revenue Fund in order to help defray the State's | 14 |
| operating costs for the
fiscal year. The total transfer under | 15 |
| this Section from any fund in any
fiscal year shall not exceed | 16 |
| the lesser of (i) 8% of the revenues to be deposited
into the | 17 |
| fund during that fiscal year or (ii) an amount that leaves a | 18 |
| remaining fund balance of 25% of the July 1 fund balance of | 19 |
| that fiscal year. In fiscal year 2005 only, prior to | 20 |
| calculating the July 1, 2004 final balances, the Governor may | 21 |
| calculate and direct the State Treasurer with the Comptroller | 22 |
| to transfer additional amounts determined by applying the | 23 |
| formula authorized in Public Act 93-839 to the funds balances | 24 |
| on July 1, 2003.
No transfer may be made from a fund under this | 25 |
| Section that would have the
effect of reducing the available | 26 |
| balance in the fund to an amount less than
the amount remaining | 27 |
| unexpended and unreserved from the total appropriation
from | 28 |
| that fund estimated to be expended for that fiscal year. This | 29 |
| Section does not apply to any
funds that are restricted by | 30 |
| federal law to a specific use, to any funds in
the Motor Fuel | 31 |
| Tax Fund, the Hospital Provider Fund, the Medicaid Provider | 32 |
| Relief Fund, or the Reviewing Court Alternative Dispute |
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LRB094 10200 EFG 40467 b |
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| Resolution Fund, or to any
funds to which subsection (f) of | 2 |
| Section 20-40 of the Nursing and Advanced Practice Nursing Act | 3 |
| applies. Notwithstanding any
other provision of this Section, | 4 |
| for fiscal year 2004,
the total transfer under this Section | 5 |
| from the Road Fund or the State
Construction Account Fund shall | 6 |
| not exceed the lesser of (i) 5% of the revenues to be deposited
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| into the fund during that fiscal year or (ii) 25% of the | 8 |
| beginning balance in the fund.
For fiscal year 2005 through | 9 |
| fiscal year 2007, no amounts may be transferred under this | 10 |
| Section from the Road Fund, the State Construction Account | 11 |
| Fund, the Criminal Justice Information Systems Trust Fund, the | 12 |
| Wireless Service Emergency Fund, or the Mandatory Arbitration | 13 |
| Fund.
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| In determining the available balance in a fund, the | 15 |
| Governor
may include receipts, transfers into the fund, and | 16 |
| other
resources anticipated to be available in the fund in that | 17 |
| fiscal year.
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| The State Treasurer and Comptroller shall transfer the | 19 |
| amounts designated
under this Section as soon as may be | 20 |
| practicable after receiving the direction
to transfer from the | 21 |
| Governor.
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| (b) This Section does not apply to any fund established | 23 |
| under the Community Senior Services and Resources Act.
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| (c) At least 30 days before the Governor directs any | 25 |
| transfer under this Section, he or she must give advance | 26 |
| written notice of the transfer to the Commission on Government | 27 |
| Forecasting and Accountability, the State Comptroller, and the | 28 |
| State Treasurer. The State Comptroller and State Treasurer | 29 |
| shall not make any such transfer until 30 days after that | 30 |
| notice has been given.
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| (Source: P.A. 93-32, eff. 6-20-03; 93-659, eff. 2-3-04; 93-674, | 32 |
| eff. 6-10-04; 93-714, eff. 7-12-04; 93-801, eff. 7-22-04; | 33 |
| 93-839, eff. 7-30-04; 93-1054, eff. 11-18-04; 93-1067, eff. | 34 |
| 1-15-05.)
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| Section 99. Effective date. This Act takes effect upon |
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| becoming law.
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