WEST CENTRAL MASS TRANSIT House SponsorsRep. Jim Watson 1/9/2007HouseSession Sine Die 30 ILCS 740/2-2.02from Ch. 111 2/3, par. 662.0230 ILCS 740/2-2.04from Ch. 111 2/3, par. 662.0430 ILCS 740/2-3from Ch. 111 2/3, par. 66330 ILCS 740/2-6from Ch. 111 2/3, par. 66630 ILCS 740/2-7from Ch. 111 2/3, par. 66730 ILCS 740/2-15from Ch. 111 2/3, par. 675.130 ILCS 105/5.640 new Amends the Downstate Public Transportation Act. Includes the West Central Transit District serving Morgan and Scott counties as a participant in the Downstate Public Transportation Fund. Beginning July 1, 2005, requires the Comptroller to order transferred and requires the Treasurer to transfer, from the General Revenue Fund to the West Central Public Transportation Fund, an amount equal to 2/32 of the net revenue realized from retail and occupation taxes within the boundaries of Morgan and Scott counties. Limits the amount paid into the Fund to 2/32 of 80% of the net revenue realized for tax periods beginning on or after January 1, 2006. Requires a local match based on the amount that could be raised by a tax levy at the rate of .05% on the assessed value of property within the boundaries of Morgan and Scott counties. Provides that failure to raise the local match will result in a reduced deposit into the West Central Public Transportation Fund. Makes other changes. Amends the State Finance Act. Establishes the West Central Public Transportation Fund, a special fund in the State treasury. Effective immediately. 2/9/2005HouseFiled with the Clerk by Rep. Jim Watson 2/9/2005HouseFirst Reading 2/9/2005HouseReferred to Rules Committee 2/16/2005HouseAssigned to Executive Committee 3/10/2005HouseRule 19(a) / Re-referred to Rules Committee 1/9/2007HouseSession Sine Die