Bill Text: IL HB5320 | 2011-2012 | 97th General Assembly | Introduced
Bill Title: Amends the Capital Development Board Act. Creates the Capital Development Board Revolving Fund as a special fund in the State treasury. Provides that moneys deposited into the Fund shall be expended for capital projects and for no other purpose. Effective January 1, 2013.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2013-01-08 - Session Sine Die [HB5320 Detail]
Download: Illinois-2011-HB5320-Introduced.html
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1 | AN ACT concerning State government.
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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 Capital Development Board Act is amended by | ||||||||||||||||||||||||||
5 | adding Section 19 as follows:
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6 | (20 ILCS 3105/19 new) | ||||||||||||||||||||||||||
7 | Sec. 19. Capital Development Board Revolving Fund; | ||||||||||||||||||||||||||
8 | creation. Federal funds provided by the federal government for | ||||||||||||||||||||||||||
9 | capital projects in the State of Illinois and received by the | ||||||||||||||||||||||||||
10 | Capital Development Board shall be deposited into the Capital | ||||||||||||||||||||||||||
11 | Development Board Revolving Fund, a special fund created in the | ||||||||||||||||||||||||||
12 | State treasury. Subject to appropriation, and as directed by | ||||||||||||||||||||||||||
13 | the Board, moneys deposited into the Fund shall be expended for | ||||||||||||||||||||||||||
14 | capital projects and for no other purpose.
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15 | Section 10. The State Finance Act is amended by adding | ||||||||||||||||||||||||||
16 | Section 5.811 as follows:
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17 | (30 ILCS 105/5.811 new) | ||||||||||||||||||||||||||
18 | Sec. 5.811. Capital Development Board Revolving Fund.
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19 | Section 99. Effective date. This Act takes effect January | ||||||||||||||||||||||||||
20 | 1, 2013.
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