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[ House Amendment 001 ] |
92_SB2216ham002 LRB9213825SMdvam01 1 AMENDMENT TO SENATE BILL 2216 2 AMENDMENT NO. . Amend Senate Bill 2216 on page 2, 3 immediately below line 3, by inserting the following: 4 "Section 10. The Short Term Borrowing Act is amended by 5 adding Section 1.2 as follows: 6 (30 ILCS 340/1.2 new) 7 Sec. 1.2. Fiscal years 2002 and 2003; fiscal crisis 8 borrowing. Notwithstanding any other provision of this Act or 9 any other law to the contrary, the Governor, upon his or her 10 authority only, may contract debts not exceeding 11 $1,000,000,000 in the aggregate in fiscal years 2002 and 2003 12 to pay State debts. All moneys so borrowed shall be borrowed 13 for no longer than one year.".