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Rep. Jim Sacia
Filed: 4/5/2005
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09400HB2506ham002 |
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LRB094 10099 DRH 44291 a |
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| AMENDMENT TO HOUSE BILL 2506
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| AMENDMENT NO. ______. Amend House Bill 2506 on page 1, |
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| immediately below line 3, by inserting the following:
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| "Section 3. The State Finance Act is amended by changing |
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| Section 8h as follows:
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| (30 ILCS 105/8h)
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| Sec. 8h. Transfers to General Revenue Fund. |
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| (a) Except as provided in subsection (b), notwithstanding |
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| any other
State law to the contrary, the Governor
may, through |
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| June 30, 2007, from time to time direct the State Treasurer and |
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| Comptroller to transfer
a specified sum from any fund held by |
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| the State Treasurer to the General
Revenue Fund in order to |
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| help defray the State's operating costs for the
fiscal year. |
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| The total transfer under this Section from any fund in any
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| fiscal year shall not exceed the lesser of (i) 8% of the |
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| revenues to be deposited
into the fund during that fiscal year |
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| or (ii) an amount that leaves a remaining fund balance of 25% |
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| of the July 1 fund balance of that fiscal year. In fiscal year |
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| 2005 only, prior to calculating the July 1, 2004 final |
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| balances, the Governor may calculate and direct the State |
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| Treasurer with the Comptroller to transfer additional amounts |
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| determined by applying the formula authorized in Public Act |
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| 93-839 to the funds balances on July 1, 2003.
No transfer may |
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| be made from a fund under this Section that would have the
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09400HB2506ham002 |
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LRB094 10099 DRH 44291 a |
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| effect of reducing the available balance in the fund to an |
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| amount less than
the amount remaining unexpended and unreserved |
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| from the total appropriation
from that fund estimated to be |
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| expended for that fiscal year. This Section does not apply to |
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| any
funds that are restricted by federal law to a specific use, |
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| to any funds in
the Motor Fuel Tax Fund, the Hospital Provider |
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| Fund, the Medicaid Provider Relief Fund, or the Reviewing Court |
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| Alternative Dispute Resolution Fund, or to any
funds to which |
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| subsection (f) of Section 20-40 of the Nursing and Advanced |
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| Practice Nursing Act applies. Notwithstanding any
other |
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| provision of this Section, for fiscal year 2004,
the total |
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| transfer under this Section from the Road Fund or the State
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| Construction Account Fund shall not exceed the lesser of (i) 5% |
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| of the revenues to be deposited
into the fund during that |
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| fiscal year or (ii) 25% of the beginning balance in the fund.
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| For fiscal year 2005 through fiscal year 2007, no amounts may |
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| be transferred under this Section from the Road Fund, the State |
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| Construction Account Fund, the Criminal Justice Information |
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| Systems Trust Fund, the Wireless Service Emergency Fund, the |
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| State Police Vehicle Fund, or the Mandatory Arbitration Fund.
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| In determining the available balance in a fund, the |
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| Governor
may include receipts, transfers into the fund, and |
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| other
resources anticipated to be available in the fund in that |
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| fiscal year.
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| The State Treasurer and Comptroller shall transfer the |
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| amounts designated
under this Section as soon as may be |
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| practicable after receiving the direction
to transfer from the |
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| Governor.
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| (b) This Section does not apply to any fund established |
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| under the Community Senior Services and Resources Act.
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| (Source: P.A. 93-32, eff. 6-20-03; 93-659, eff. 2-3-04; 93-674, |
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| eff. 6-10-04; 93-714, eff. 7-12-04; 93-801, eff. 7-22-04; |
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| 93-839, eff. 7-30-04; 93-1054, eff. 11-18-04; 93-1067, eff. |
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| 1-15-05.)".
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