Bill Text: IL HB3147 | 2011-2012 | 97th General Assembly | Amended
Bill Title: Amends the Tennessee Valley Authority Payment Act. Makes a technical change in a Section concerning the short title.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2013-01-08 - Session Sine Die [HB3147 Detail]
Download: Illinois-2011-HB3147-Amended.html
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1 | AMENDMENT TO HOUSE BILL 3147
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2 | AMENDMENT NO. ______. Amend House Bill 3147 by replacing | ||||||
3 | everything after the enacting clause with the following:
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4 | "Section 5. The Tennessee Valley Authority Payment Act is | ||||||
5 | amended by changing Section 1 as follows:
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6 | (30 ILCS 250/1) (from Ch. 120, par. 1601)
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7 | Sec. 1.
Beginning October 1, 1981 and each October 1, | ||||||
8 | thereafter 30%
of the total annual fiscal year payment received | ||||||
9 | by the State of Illinois
from the Tennessee Valley Authority, | ||||||
10 | pursuant to Section 13 of the Tennessee
Valley Authority Act of | ||||||
11 | 1933 (16 USCA 831, et seq.), as amended, shall be
deposited in | ||||||
12 | the General Revenue Fund. Seventy percent of such payment shall
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13 | be divided among counties in Illinois in which the Tennessee | ||||||
14 | Valley Authority
has coal reserved , and which counties | ||||||
15 | themselves receive direct payments
pursuant to Section 13 of | ||||||
16 | the Tennessee Valley Authority Act of 1933 (16
USCA 831, et |
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1 | seq.), as amended . Moneys distributed to any such county shall
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2 | be deposited in its general fund.
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3 | The payment to each county shall bear the same proportion | ||||||
4 | to the total
amount to be divided as the book value of | ||||||
5 | Tennessee Valley Authority
property in such county bears to the | ||||||
6 | net book value of Tennessee Valley
Authority property in all | ||||||
7 | counties eligible to receive a share of the amount
to be | ||||||
8 | divided. Such distributions to the counties shall be made as | ||||||
9 | soon
as possible after October 1 of each year. Book values | ||||||
10 | shall be determined
as of the immediately preceding calendar | ||||||
11 | year. | ||||||
12 | The changes made to this Section by this amendatory Act of | ||||||
13 | the 97th General Assembly are declarative of existing law and | ||||||
14 | are not a new enactment.
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15 | (Source: P.A. 82-713.)
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16 | Section 99. Effective date. This Act takes effect upon | ||||||
17 | becoming law.".
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