State of Illinois
92nd General Assembly
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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.".

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