Bill Text: IL SB2481 | 2025-2026 | 104th General Assembly | Introduced
Bill Title: Amends the State Finance Act. Removes provisions repealing the Capital Development Board Revolving Fund. Effective immediately.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2025-02-07 - Referred to Assignments [SB2481 Detail]
Download: Illinois-2025-SB2481-Introduced.html
| ||||||||||||||||||||||
| ||||||||||||||||||||||
| ||||||||||||||||||||||
| 1 | AN ACT concerning finance.
| |||||||||||||||||||||
| 2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||||
| 3 | represented in the General Assembly:
| |||||||||||||||||||||
| 4 | Section 5. The State Finance Act is amended by changing | |||||||||||||||||||||
| 5 | Sections 5.857 and 6z-100 as follows:
| |||||||||||||||||||||
| 6 | (30 ILCS 105/5.857) | |||||||||||||||||||||
| 7 | (Section scheduled to be repealed on July 1, 2025) | |||||||||||||||||||||
| 8 | Sec. 5.857. The Capital Development Board Revolving Fund. | |||||||||||||||||||||
| 9 | This Section is repealed July 1, 2025. | |||||||||||||||||||||
| 10 | (Source: P.A. 102-16, eff. 6-17-21; 102-699, eff. 4-19-22; | |||||||||||||||||||||
| 11 | 103-8, eff. 6-7-23.)
| |||||||||||||||||||||
| 12 | (30 ILCS 105/6z-100) | |||||||||||||||||||||
| 13 | (Section scheduled to be repealed on July 1, 2025) | |||||||||||||||||||||
| 14 | Sec. 6z-100. Capital Development Board Revolving Fund; | |||||||||||||||||||||
| 15 | payments into and use. All monies received by the Capital | |||||||||||||||||||||
| 16 | Development Board for publications or copies issued by the | |||||||||||||||||||||
| 17 | Board, and all monies received for contract administration | |||||||||||||||||||||
| 18 | fees, charges, or reimbursements owing to the Board shall be | |||||||||||||||||||||
| 19 | deposited into a special fund known as the Capital Development | |||||||||||||||||||||
| 20 | Board Revolving Fund, which is hereby created in the State | |||||||||||||||||||||
| 21 | treasury. The monies in this Fund shall be used by the Capital | |||||||||||||||||||||
| 22 | Development Board, as appropriated, for expenditures for | |||||||||||||||||||||
| |||||||
| |||||||
| 1 | personal services, retirement, social security, contractual | ||||||
| 2 | services, legal services, travel, commodities, printing, | ||||||
| 3 | equipment, electronic data processing, or telecommunications. | ||||||
| 4 | For fiscal year 2021 and thereafter, the monies in this Fund | ||||||
| 5 | may also be appropriated to and used by the Executive Ethics | ||||||
| 6 | Commission for oversight and administration of the Chief | ||||||
| 7 | Procurement Officer appointed under paragraph (1) of | ||||||
| 8 | subsection (a) of Section 10-20 of the Illinois Procurement | ||||||
| 9 | Code. Unexpended moneys in the Fund shall not be transferred | ||||||
| 10 | or allocated by the Comptroller or Treasurer to any other | ||||||
| 11 | fund, nor shall the Governor authorize the transfer or | ||||||
| 12 | allocation of those moneys to any other fund. This Section is | ||||||
| 13 | repealed July 1, 2025. | ||||||
| 14 | (Source: P.A. 102-16, eff. 6-17-21; 102-699, eff. 4-19-22; | ||||||
| 15 | 103-8, eff. 6-7-23.)
| ||||||
| 16 | Section 99. Effective date. This Act takes effect upon | ||||||
| 17 | becoming law. | ||||||