Bill Text: IL HB1080 | 2009-2010 | 96th General Assembly | Introduced

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Bill Title: Amends the State Finance Act. Makes a technical change in a Section concerning special funds.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2009-03-13 - Rule 19(a) / Re-referred to Rules Committee [HB1080 Detail]

Download: Illinois-2009-HB1080-Introduced.html

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96TH GENERAL ASSEMBLY State of Illinois 2009 and 2010 HB1080 Introduced 2/11/2009, by Rep. Kathleen A. Ryg SYNOPSIS AS INTRODUCED:
30 ILCS 105/5 from Ch. 127, par. 141
Amends the State Finance Act. Makes a technical change in a Section concerning special funds.
LRB096 09447 JDS 19604 b
FISCAL NOTE ACT MAY APPLY
A BILL FOR
HB1080 LRB096 09447 JDS 19604 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 5 as follows:
(30 ILCS 105/5) (from Ch. 127, par. 141)
Sec. 5. Special funds.
(a) There are special funds in the the State Treasury
designated as specified in the Sections which succeed this
Section 5 and precede Section 6.
(b) Except as provided in the Illinois Motor Vehicle Theft
Prevention Act, when any special fund in the State Treasury is
discontinued by an Act of the General Assembly, any balance
remaining therein on the effective date of such Act shall be
transferred to the General Revenue Fund, or to such other fund
as such Act shall provide. Warrants outstanding against such
discontinued fund at the time of the transfer of any such
balance therein shall be paid out of the fund to which the
transfer was made.
(c) When any special fund in the State Treasury has been
inactive for 18 months or longer, the fund is automatically
terminated by operation of law and the balance remaining in
such fund shall be transferred by the Comptroller to the

HB1080 - 2 - LRB096 09447 JDS 19604 b
General Revenue Fund. When a special fund has been terminated
by operation of law as provided in this Section, the General
Assembly shall repeal or amend all Sections of the statutes
creating or otherwise referring to that fund.
The Comptroller shall be allowed the discretion to maintain
or dissolve any federal trust fund which has been inactive for
18 months or longer.
(d) (Blank).
(e) (Blank).
(Source: P.A. 90-372, eff. 7-1-98.)