Bill Text: IL SB1311 | 2011-2012 | 97th General Assembly | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Amends the State Finance Act. Removes the requirement that the Comptroller and the Treasurer shall transfer a monthly amount from the General Revenue Fund into the Live and Learn Fund. Amends the Illinois Vehicle Code. Provides that proceeds from certain vehicle title and transfer of registration fees shall be deposited into the Live and Learn Fund. Provides that the deposits shall be made beginning 60 days after the effective date or July 1, 2011, whichever is later. Effective immediately.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Passed) 2011-12-19 - Public Act . . . . . . . . . 97-0641 [SB1311 Detail]

Download: Illinois-2011-SB1311-Amended.html

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Sen. Jeffrey M. Schoenberg

Filed: 3/9/2011

09700SB1311sam001 LRB097 05102 PJG 52177 a
AMENDMENT TO SENATE BILL 1311
AMENDMENT NO. ______. Amend Senate Bill 1311 as follows:
on page 3, line 16, by deleting "13% of"; and
on page 3, on line 18, by deleting "and 67% of proceeds of fees
collected for"; and
on page 3, by deleting line 19; and
on page 3, line 22, after the period, by inserting the
following:
"In any month when deposits fall below $1,742,000, the
shortfall shall be made up from proceeds collected in
subsequent months. Any proceeds in excess of $20,904,000 in a
fiscal year shall be deposited into the General Revenue Fund.".