Bill Text: IL SB0448 | 2009-2010 | 96th General Assembly | Enrolled

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Bill Title: Amends the State Finance Act. Makes a technical change in a Section concerning the Budget Stabilization Fund.

Sponsorship: Partisan Bill (Democrat 2)

Status: (Passed) 2010-07-14 - Public Act . . . . . . . . . 96-1053 [SB0448 Detail]

Download: Illinois-2009-SB0448-Enrolled.html

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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 8.47 as follows:
(30 ILCS 105/8.47)
Sec. 8.47. Reversal of transfers; limitation on transfers
from certain funds.
(a) (Blank). Notwithstanding any State law to the contrary,
on the effective date of this amendatory Act of the 96th
General Assembly, the State Comptroller and the State Treasurer
shall re-transfer from the FY09 Budget Relief Fund to each of
the following funds any amounts transferred from those funds to
the FY09 Budget Relief Fund under subsection (b) or (c) of
Section 8.46 prior to the effective date of this amendatory Act
of the 96th General Assembly:
(1) Fish and Wildlife Endowment Fund;
(2) Illinois Habitat Fund;
(3) State Migratory Waterfowl Stamp Fund;
(4) State Pheasant Fund;
(5) Wildlife and Fish Fund; and
(6) Illinois Habitat Endowment Trust Fund.
(b) The transfers directed under subsection (a) of this

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Section were made under Public Act 95-1030, and it is not the
intent of the General Assembly to duplicate those transfers.
(c) No On and after the effective date of this amendatory
Act of the 96th General Assembly, no further transfers shall be
made from the funds listed in items (1) through (6) of
subsection (b) of this Section 8.48 of this Act to the FY09
Budget Relief Fund pursuant to subsection (b) or (c) of Section
8.46.
(Source: P.A. 96-160, eff. 8-10-09.)
Section 99. Effective date. This Act takes effect upon
becoming law.