Bill Text: IL SB1595 | 2013-2014 | 98th General Assembly | Engrossed
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Amends the State Finance Act. Provides that moneys paid to the Madison County Mass Transit District from the State and Local Sales Tax Reform Fund shall be paid subject to appropriation to the Department of Revenue (instead of the Department of Transportation). Effective immediately.
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: (Passed) 2014-01-07 - Public Act . . . . . . . . . 98-0623 [SB1595 Detail]
Download: Illinois-2013-SB1595-Engrossed.html
Bill Title: Amends the State Finance Act. Provides that moneys paid to the Madison County Mass Transit District from the State and Local Sales Tax Reform Fund shall be paid subject to appropriation to the Department of Revenue (instead of the Department of Transportation). Effective immediately.
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: (Passed) 2014-01-07 - Public Act . . . . . . . . . 98-0623 [SB1595 Detail]
Download: Illinois-2013-SB1595-Engrossed.html
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1 | AN ACT concerning finance.
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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 State Finance Act is amended by changing | ||||||
5 | Section 6z-17 as follows:
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6 | (30 ILCS 105/6z-17) (from Ch. 127, par. 142z-17)
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7 | Sec. 6z-17. Of the money paid into the State and Local | ||||||
8 | Sales Tax Reform
Fund: (i) subject to appropriation to the | ||||||
9 | Department of Revenue,
Municipalities having 1,000,000 or more | ||||||
10 | inhabitants shall
receive 20% and may expend such amount to | ||||||
11 | fund and establish a program for
developing and coordinating | ||||||
12 | public and private resources targeted to meet
the affordable | ||||||
13 | housing needs of low-income and very low-income households
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14 | within such municipality, (ii) 10% shall be transferred into | ||||||
15 | the Regional
Transportation Authority Occupation and Use Tax | ||||||
16 | Replacement Fund, a special
fund in the State treasury which is | ||||||
17 | hereby created, (iii) until July 1, 2013, subject to
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18 | appropriation to the Department of Transportation, the The | ||||||
19 | Madison County Mass Transit
District shall receive .6%, and | ||||||
20 | beginning on July 1, 2013, subject to appropriation to the | ||||||
21 | Department of Revenue, 0.6% shall be distributed each month out | ||||||
22 | of the Fund to the Madison County Mass Transit District, (iv)
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23 | the following amounts, plus any cumulative deficiency in such |
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1 | transfers for
prior months, shall be transferred monthly into | |||||||||||||||||||||
2 | the Build Illinois
Fund and credited to the Build Illinois Bond | |||||||||||||||||||||
3 | Account therein:
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9 | From Fiscal Year 1994 through Fiscal Year 2025 the transfer | |||||||||||||||||||||
10 | shall total
$3,150,000 monthly, plus any cumulative deficiency | |||||||||||||||||||||
11 | in such transfers for
prior months, and (v) the remainder of | |||||||||||||||||||||
12 | the money paid into the State and
Local Sales Tax Reform Fund | |||||||||||||||||||||
13 | shall be
transferred into the Local Government Distributive | |||||||||||||||||||||
14 | Fund and, except for
municipalities with 1,000,000 or more | |||||||||||||||||||||
15 | inhabitants which shall receive no
portion of such remainder, | |||||||||||||||||||||
16 | shall be distributed, subject to appropriation,
in the manner | |||||||||||||||||||||
17 | provided by Section 2 of "An Act in relation to State revenue
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18 | sharing with local government entities", approved July 31, | |||||||||||||||||||||
19 | 1969, as now or
hereafter amended. Municipalities with more | |||||||||||||||||||||
20 | than 50,000 inhabitants
according to the 1980 U.S. Census and | |||||||||||||||||||||
21 | located within the Metro East Mass
Transit District receiving | |||||||||||||||||||||
22 | funds pursuant to provision (v) of this
paragraph may expend | |||||||||||||||||||||
23 | such amounts to fund and establish a program for
developing and | |||||||||||||||||||||
24 | coordinating public and private resources targeted to meet
the | |||||||||||||||||||||
25 | affordable housing needs of low-income and very low-income | |||||||||||||||||||||
26 | households
within such municipality.
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1 | (Source: P.A. 95-708, eff. 1-18-08.)
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2 | Section 99. Effective date. This Act takes effect upon | ||||||
3 | becoming law.
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