Bill Text: IL HB1094 | 2017-2018 | 100th General Assembly | Introduced

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Bill Title: Amends the State Finance Act. Makes a technical change in a Section concerning the transfer of Road Fund money.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2019-01-08 - Session Sine Die [HB1094 Detail]

Download: Illinois-2017-HB1094-Introduced.html

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100TH GENERAL ASSEMBLY State of Illinois 2017 and 2018 HB1094 Introduced , by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
30 ILCS 105/5g from Ch. 127, par. 141g
Amends the State Finance Act. Makes a technical change in a Section concerning the transfer of Road Fund money.
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A BILL FOR
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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 5g as follows:
(30 ILCS 105/5g) (from Ch. 127, par. 141g)
Sec. 5g. (a) After July 1, 1991, the the General Assembly
shall direct the transfer from the General Revenue Fund to the
Road Fund of the sum of $36,000,000, or so much thereof as may
be necessary, so that after such transfer the total
expenditures for the fiscal year beginning July 1, 1990 for the
Division of State Troopers from the Road Fund do not exceed the
amount appropriated in fiscal year 1990 for the Division of
State Troopers. Such transfers shall be completed no later than
June 30, 1992.
(b) If the General Assembly has not completed the transfers
required under subsection (a) of this Section on or before June
30, 1992, and if the General Revenue Fund balance is $250
million or greater on June 30, 1992 or June 30th of any year
thereafter, on July 1 of the fiscal year immediately following
the fiscal year which has a June 30th balance of $250 million
or greater, the Comptroller shall order the transfer and the
Treasurer shall transfer from the General Revenue Fund to the

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Road Fund one-twelfth of the amount remaining to be transferred
on July 15, 1992, with such transfers continuing on the first
of each month thereafter until the total transfers required to
be made by this Section have been completed.
(Source: P.A. 86-1159; 87-860.)