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(30 ILCS 105/8.25c) (from Ch. 127, par. 144.25c)
Sec. 8.25c. (a) Beginning in fiscal year 1991 and continuing through the
third quarter of fiscal year 1993, the State Comptroller shall order
transferred and the State Treasurer shall transfer from the Illinois Beach
Marina Fund (now known as the Adeline Jay Geo-Karis Illinois Beach Marina Fund) to the General Revenue Fund 50% of the revenue deposited into the
Illinois Beach Marina Fund. Beginning in the fourth quarter of fiscal year
1993 and thereafter until the
sum of $31,200,000 is paid to the General Revenue Fund, the State
Comptroller shall order transferred and the State Treasurer shall transfer
from the Adeline Jay Geo-Karis Illinois Beach Marina Fund (formerly known as the Illinois Beach Marina Fund)
to the General Revenue Fund 35% of revenue deposited into the Adeline Jay Geo-Karis Illinois Beach Marina Fund (formerly known as the Illinois Beach Marina Fund)
in
any fiscal year. In addition,
beginning in fiscal year 1991 and thereafter until the sum of $8,000,000
is paid to the State Boating Act Fund the State Comptroller shall order
transferred and the State Treasurer shall transfer from the Adeline Jay Geo-Karis Illinois Beach Marina Fund (formerly known as the Illinois Beach
Marina Fund)
to the State Boating Act Fund 15% of the revenue deposited into
the Adeline Jay Geo-Karis Illinois Beach Marina Fund (formerly known as the Illinois Beach Marina Fund). Beginning in fiscal year 1992, the
transfers from the Adeline Jay Geo-Karis Illinois Beach Marina Fund (formerly known as the Illinois Beach Marina Fund) to the State Boating Act Fund
shall be made only at the direction of and in the amount authorized by the
Department of Natural Resources. Moneys transferred under
authorization of this
Section to the State Boating Act Fund in fiscal year 1992 before the
effective date of this amendatory Act of 1991 may be transferred to the
Illinois Beach Marina Fund (now known as the Adeline Jay Geo-Karis Illinois Beach Marina Fund) at the direction of the Department of Natural
Resources. The transfers required under this Section
shall be made within 30 days after the end of each quarter based on the
State Comptroller's record of receipts for the quarter. The initial
transfers shall be made within 30 days after June 30, 1990 based on
revenues received in the preceding quarter. Additional transfers in
excess of the limits established under this Section may be authorized by
the Department of Natural Resources for accelerated
payback of the amount due.
(b) The Department may, subject to appropriations by the General Assembly,
use moneys in the Adeline Jay Geo-Karis Illinois Beach Marina Fund (formerly known as the Illinois Beach Marina Fund) to pay for operation,
maintenance, repairs, or improvements to the marina project; provided,
however, that payment of the amounts due under the terms of subsection (a)
shall have priority on all moneys deposited in this Fund.
(c) Moneys on deposit in excess of that needed for payments to the
General Revenue Fund and the State Boating Act Fund and in excess of those
moneys needed for the operation, maintenance, repairs, or improvements to
the Adeline Jay Geo-Karis Illinois Beach Marina as determined by the Department of Natural
Resources may be transferred at the discretion of the
Department to the State Parks Fund.
(Source: P.A. 95-522, eff. 8-28-07; 96-1160, eff. 1-1-11.)
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