State of Illinois
90th General Assembly
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90_HB2844sam007

                                          SRS90HB2844KSawam03
 1                    AMENDMENT TO HOUSE BILL 2844
 2        AMENDMENT NO.     .  Amend House Bill 2844,  AS  AMENDED,
 3    in  the  introductory  clause of Section 5, by replacing "and
 4    27A-11" with "27A-11, and 34A-411"; and
 5    in Section 5, by inserting immediately below the end of  Sec.
 6    27A-11 the following:
 7        "(105 ILCS 5/34A-411) (from Ch. 122, par. 34A-411)
 8        Sec.   34A-411.    Termination   and   reinstatement   of
 9    Authority's power under this Article.
10        (a)  The   powers  and  responsibilities  granted  to  or
11    imposed upon the  Authority  and  the  Board  under  Sections
12    34A-401   through  34A-410  of  this  Article  shall  not  be
13    exercised after the Authority has certified to  the  Governor
14    and  the  Mayor  that  the  Board  has completed 6 successive
15    Fiscal Years of balanced Budgets pursuant to  the  accounting
16    and   other   principles   prescribed   by   the   Authority.
17    Notwithstanding  the  foregoing  sentence,  Sections 34A-402,
18    34A-404, 34A-405, and 34A-408 shall continue  in  full  force
19    and  effect  after  such certification of the completion of 6
20    successive Fiscal Years of balanced Budgets.
21        (b)  Upon   determination   by    the    Authority    and
22    certification  of the Authority to the Governor and the Mayor
                            -2-           SRS90HB2844KSawam03
 1    that the Board has failed  to  adopt  a  balanced  Budget  by
 2    August  15th  immediately  preceding the commencement of each
 3    Fiscal Year or failed to achieve a balanced  Budget  for  two
 4    successive  Fiscal  Years,  subsequent to a time in which the
 5    powers and responsibilities of the Authority  and  the  Board
 6    are  not exercised pursuant to paragraph (a) of this Section,
 7    the Authority and Board shall resume the  exercise  of  their
 8    respective  powers  and  responsibilities  pursuant  to  each
 9    Section of this Article.
10        (c)  Notwithstanding  the  provisions  of subsections (a)
11    and (b) of this Section or any other provision of law to  the
12    contrary,  the  powers  and  responsibilities  granted  to or
13    imposed upon the  Authority  and  the  Board  under  Sections
14    34A-401  through  34A-410  and  Section 34A-606 are suspended
15    until July 1, 2004 1999.
16    (Source: P.A. 88-511; 89-15, eff. 5-30-95.)".

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