Bill Text: IL HB0464 | 2011-2012 | 97th General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Amends the State Finance Act. Makes a technical change in a Section concerning the deposit of money received by the Division of Highways of the Department of Transportation into the road fund.

Spectrum: Partisan Bill (Democrat 6-0)

Status: (Passed) 2011-08-16 - Public Act . . . . . . . . . 97-0398 [HB0464 Detail]

Download: Illinois-2011-HB0464-Introduced.html

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97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012 HB0464 Introduced , by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
30 ILCS 105/6c from Ch. 127, par. 142c
Amends the State Finance Act. Makes a technical change in a Section concerning the deposit of money received by the Division of Highways of the Department of Transportation into the road fund.
LRB097 03291 PJG 43328 b
A BILL FOR
HB0464 LRB097 03291 PJG 43328 b
AN ACT concerning finance.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The State Finance Act is amended by changing
Section 6c as follows:
(30 ILCS 105/6c) (from Ch. 127, par. 142c)
Sec. 6c. All fees and and other money received by the
Division of Highways of the Department of Transportation shall,
upon being paid into the State treasury, be placed in the road
fund. After the effective date of this amendatory Act of 1980,
investment income which is attributable to the investment of
moneys of the road fund shall be retained in the road fund.
(Source: P.A. 81-1550.)