Bill Text: IL HB4124 | 2011-2012 | 97th General Assembly | Introduced
Bill Title: Amends the State Finance Act. Provides that, continuing through the fourth quarter of fiscal year 2012 (rather than, until the sum of $31,200,000 is paid to the General Revenue Fund), the State Comptroller shall order transferred and the State Treasurer shall transfer from the Adeline Jay Geo-Karis Illinois Beach Marina Fund to the General Revenue Fund 35% of revenue deposited into the Adeline Geo-Karis Illinois Beach Marina Fund in any fiscal year. Provides that, continuing through the fourth quarter of fiscal year 2012 (rather than, until the sum of $8,000,000 is paid to the State Boating Act Fund), the State Comptroller shall order transferred and the State Treasurer shall transfer from the Adeline Jay Geo-Karis Illinois Beach Marina Fund to the State Boating Act Fund 15% of the revenue deposited into the Adeline Jay Geo-Karis Illinois Beach Marina Fund. Effective immediately.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2013-01-08 - Session Sine Die [HB4124 Detail]
Download: Illinois-2011-HB4124-Introduced.html
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1 | AN ACT concerning finance.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The State Finance Act is amended by changing | ||||||||||||||||||||||||
5 | Section 8.25c as follows:
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6 | (30 ILCS 105/8.25c) (from Ch. 127, par. 144.25c)
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7 | Sec. 8.25c. (a) Beginning in fiscal year 1991 and | ||||||||||||||||||||||||
8 | continuing through the
third quarter of fiscal year 1993, the | ||||||||||||||||||||||||
9 | State Comptroller shall order
transferred and the State | ||||||||||||||||||||||||
10 | Treasurer shall transfer from the Illinois Beach
Marina Fund | ||||||||||||||||||||||||
11 | (now known as the Adeline Jay Geo-Karis Illinois Beach Marina | ||||||||||||||||||||||||
12 | Fund) to the General Revenue Fund 50% of the revenue deposited | ||||||||||||||||||||||||
13 | into the
Illinois Beach Marina Fund. Beginning in the fourth | ||||||||||||||||||||||||
14 | quarter of fiscal year
1993 and continuing through the fourth | ||||||||||||||||||||||||
15 | quarter of fiscal year 2012 thereafter until the
sum of | ||||||||||||||||||||||||
16 | $31,200,000 is paid to the General Revenue Fund , the State
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17 | Comptroller shall order transferred and the State Treasurer | ||||||||||||||||||||||||
18 | shall transfer
from the Adeline Jay Geo-Karis Illinois Beach | ||||||||||||||||||||||||
19 | Marina Fund (formerly known as the Illinois Beach Marina Fund)
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20 | to the General Revenue Fund 35% of revenue deposited into the | ||||||||||||||||||||||||
21 | Adeline Jay Geo-Karis Illinois Beach Marina Fund (formerly | ||||||||||||||||||||||||
22 | known as the Illinois Beach Marina Fund)
in
any fiscal year. In | ||||||||||||||||||||||||
23 | addition,
beginning in fiscal year 1991 and continuing through |
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1 | the fourth quarter of fiscal year 2012, thereafter until the | ||||||
2 | sum of $8,000,000
is paid to the State Boating Act Fund the | ||||||
3 | State Comptroller shall order
transferred and the State | ||||||
4 | Treasurer shall transfer from the Adeline Jay Geo-Karis | ||||||
5 | Illinois Beach Marina Fund (formerly known as the Illinois | ||||||
6 | Beach
Marina Fund)
to the State Boating Act Fund 15% of the | ||||||
7 | revenue deposited into
the Adeline Jay Geo-Karis Illinois Beach | ||||||
8 | Marina Fund (formerly known as the Illinois Beach Marina Fund). | ||||||
9 | Beginning in fiscal year 1992, the
transfers from the Adeline | ||||||
10 | Jay Geo-Karis Illinois Beach Marina Fund (formerly known as the | ||||||
11 | Illinois Beach Marina Fund) to the State Boating Act Fund
shall | ||||||
12 | be made only at the direction of and in the amount authorized | ||||||
13 | by the
Department of Natural Resources. Moneys transferred | ||||||
14 | under
authorization of this
Section to the State Boating Act | ||||||
15 | Fund in fiscal year 1992 before the
effective date of this | ||||||
16 | amendatory Act of 1991 may be transferred to the
Illinois Beach | ||||||
17 | Marina Fund (now known as the Adeline Jay Geo-Karis Illinois | ||||||
18 | Beach Marina Fund) at the direction of the Department of | ||||||
19 | Natural
Resources. The transfers required under this Section
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20 | shall be made within 30 days after the end of each quarter | ||||||
21 | based on the
State Comptroller's record of receipts for the | ||||||
22 | quarter. The initial
transfers shall be made within 30 days | ||||||
23 | after June 30, 1990 based on
revenues received in the preceding | ||||||
24 | quarter. Additional transfers in
excess of the limits | ||||||
25 | established under this Section may be authorized by
the | ||||||
26 | Department of Natural Resources for accelerated
payback of the |
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1 | amount due.
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2 | (b) The Department may, subject to appropriations by the | ||||||
3 | General Assembly,
use moneys in the Adeline Jay Geo-Karis | ||||||
4 | Illinois Beach Marina Fund (formerly known as the Illinois | ||||||
5 | Beach Marina Fund) to pay for operation,
maintenance, repairs, | ||||||
6 | or improvements to the marina project; provided,
however, that | ||||||
7 | payment of the amounts due under the terms of subsection (a)
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8 | shall have priority on all moneys deposited in this Fund.
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9 | (c) Moneys on deposit in excess of that needed for payments | ||||||
10 | to the
General Revenue Fund and the State Boating Act Fund and | ||||||
11 | in excess of those
moneys needed for the operation, | ||||||
12 | maintenance, repairs, or improvements to
the Adeline Jay | ||||||
13 | Geo-Karis Illinois Beach Marina as determined by the Department | ||||||
14 | of Natural
Resources may be transferred at the discretion of | ||||||
15 | the
Department to the State Parks Fund.
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16 | (Source: P.A. 95-522, eff. 8-28-07; 96-1160, eff. 1-1-11.)
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17 | Section 99. Effective date. This Act takes effect upon | ||||||
18 | becoming law.
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