Bill Text: IL HB4866 | 2025-2026 | 104th General Assembly | Introduced

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Bill Title: Amends the State Finance Act. Provides that, as soon as practical after the effective date of the amendatory Act, the State Comptroller shall direct and the State Treasurer shall transfer $370,000,000 from the Fund for Illinois' Future to the General Revenue Fund. Effective immediately.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2026-02-06 - Referred to Rules Committee [HB4866 Detail]

Download: Illinois-2025-HB4866-Introduced.html

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104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026HB4866 Introduced , by Rep. Norine K. Hammond SYNOPSIS AS INTRODUCED:
30 ILCS 105/8g-1
Amends the State Finance Act. Provides that, as soon as practical after the effective date of the amendatory Act, the State Comptroller shall direct and the State Treasurer shall transfer $370,000,000 from the Fund for Illinois' Future to the General Revenue Fund. Effective immediately.
LRB104 15769 HLH 28958 b
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 8g-1 as follows:
(30 ILCS 105/8g-1)
Sec. 8g-1. Fund transfers.
June 7, 2023 ( Public Act 103-8) June 7, 2023 ( Public Act
103-8) July 1, 2024 ( Public Act 103-588)
In addition to any other transfers that may be provided
for by law, on July 1, 2024, or as soon thereafter as
practical, the State Comptroller shall direct and the State
Treasurer shall transfer the sum of $500,000 from the General
Revenue Fund to the Governor's Administrative Fund.
In addition to any other transfers that may be provided
for by law, on July 1, 2024, or as soon thereafter as
practical, the State Comptroller shall direct and the State
Treasurer shall transfer the sum of $500,000 from the General
Revenue Fund to the Grant Accountability and Transparency
Fund.
In addition to any other transfers that may be provided
for by law, on July 1, 2024, or as soon thereafter as
practical, the State Comptroller shall direct and the State

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Treasurer shall transfer the sum of $25,000,000 from the
Violent Crime Witness Protection Program Fund to the General
Revenue Fund.
In addition to any other transfers that may be provided
for by law, beginning on the effective date of the changes made
to this Section by this amendatory Act of the 104th General
Assembly and until June 30, 2025, as directed by the Governor,
the State Comptroller shall direct and the State Treasurer
shall transfer up to a total of $370,000,000 from the General
Revenue Fund to the Fund for Illinois' Future.
In addition to any other transfers that may be provided
for by law, as soon as practical after the effective date of
this amendatory Act of the 104th General Assembly, the State
Comptroller shall direct and the State Treasurer shall
transfer $370,000,000 from the Fund for Illinois' Future to
the General Revenue Fund.
In addition to any other transfers that may be provided
for by law, on July 1, 2025, or as soon thereafter as
practical, the State Comptroller shall direct and the State
Treasurer shall transfer the sum of $500,000 from the General
Revenue Fund to the Governor's Administrative Fund.
In addition to any other transfers that may be provided
for by law, on July 1, 2025, or as soon thereafter as
practical, the State Comptroller shall direct and the State
Treasurer shall transfer the sum of $100,000 from the General
Revenue Fund to the Grant Accountability and Transparency

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Fund.
In addition to any other transfers that may be provided
for by law, on July 1, 2025, or as soon thereafter as
practical, the State Comptroller shall direct and the State
Treasurer shall transfer the sum of $5,000,000 from the
General Revenue Fund to the DHS State Projects Fund.
In addition to any other transfers that may be provided
for by law, on July 1, 2025, or as soon thereafter as
practical, the State Comptroller shall direct and the State
Treasurer shall transfer the sum of $4,000,000 from the
Capital Projects Fund to the Capital Development Board
Revolving Fund.
In addition to any other transfers that may be provided
for by law, on July 1, 2025, or as soon thereafter as
practical, the State Comptroller shall direct and the State
Treasurer shall transfer the sum of $15,000,000 from the
Criminal Justice Information Projects Fund to the Department
of Human Services Community Services Fund.
In addition to any other transfers that may be provided
for by law, on July 1, 2025, or as soon thereafter as
practical, the State Comptroller shall direct and the State
Treasurer shall transfer the sum of $5,000,000 from the
Underground Storage Tank Fund to the Brownfields Redevelopment
Fund.
In addition to any other transfers that may be provided
for by law, on July 1, 2025, or as soon thereafter as

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practical, the State Comptroller shall direct and the State
Treasurer shall transfer the sum of $10,000,000 from the State
Police Services Fund to the State Police Operations Assistance
Fund.
In addition to any other transfers that may be provided
for by law, on the effective date of this amendatory Act of the
104th General Assembly or as soon thereafter as practical, but
no later than June 30, 2025, the State Comptroller shall
direct and the State Treasurer shall transfer $200,000,000
from the General Revenue Fund to the Technology Management
Revolving Fund.
In addition to any other transfers that may be provided
for by law, on July 1, 2025, or as soon thereafter as
practical, the State Comptroller shall direct and the State
Treasurer shall transfer $3,000,000 from the Compassionate Use
of Medical Cannabis Fund to the Department of Human Services
Community Services Fund.
In addition to any other transfers that may be provided
for by law, on July 1, 2025, or as soon thereafter as
practical, the State Comptroller shall direct and the State
Treasurer shall transfer $75,000,000 from the General Revenue
Fund to the Tier 2 SSWB Reserve Fund.
In addition to any other transfers that may be provided
for by law, on July 1, 2025, or as soon thereafter as
practical, the State Comptroller shall direct and the State
Treasurer shall transfer $6,000,000 from the Illinois

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Agricultural Loan Guarantee Fund to the General Revenue Fund.
In addition to any other transfers that may be provided
for by law, on July 1, 2025, or as soon thereafter as
practical, the State Comptroller shall direct and the State
Treasurer shall transfer $4,000,000 from the Illinois Farmer
and Agribusiness Loan Guarantee Fund to the General Revenue
Fund.
In addition to any other transfers that may be provided
for by law, on July 1, 2025, or as soon thereafter as
practical, the State Comptroller shall direct and the State
Treasurer shall transfer $20,000,000 from the Insurance
Producer Administration Fund to the General Revenue Fund.
In addition to any other transfers that may be provided
for by law, on July 1, 2025, or as soon thereafter as
practical, the State Comptroller shall direct and the State
Treasurer shall transfer the sum of $12,500,000 from the
Compassionate Use of Medical Cannabis Fund to the Statewide
9-8-8 Trust Fund. Beginning June 30, 2026, at the direction of
the Secretary of Human Services, the State Comptroller shall
direct and the State Treasurer shall transfer the sum of
$12,500,000 from the Statewide 9-8-8 Trust Fund to the
Compassionate Use of Medical Cannabis Fund.
(Source: P.A. 103-8, eff. 6-7-23; 103-588, eff. 6-5-24; 104-2,
eff. 6-16-25; 104-417, eff. 8-15-25; revised 9-10-25.)
Section 99. Effective date. This Act takes effect upon
becoming law.