HB5320 97TH GENERAL ASSEMBLY

LRB097 19688 PJG 64944 b

97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB5320

Introduced 2/8/2012, by Rep. Barbara Flynn Currie

SYNOPSIS AS INTRODUCED:

20 ILCS 3105/19 new
30 ILCS 105/5.811 new

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.

FISCAL NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning State government.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Capital Development Board Act is amended by adding Section 19 as follows:

(20 ILCS 3105/19 new)

Sec. 19. Capital Development Board Revolving Fund; creation. Federal funds provided by the federal government for capital projects in the State of Illinois and received by the Capital Development Board shall be deposited into the Capital Development Board Revolving Fund, a special fund created in the State treasury. Subject to appropriation, and as directed by the Board, moneys deposited into the Fund shall be expended for capital projects and for no other purpose.

Section 10. The State Finance Act is amended by adding Section 5.811 as follows:

(30 ILCS 105/5.811 new)

Sec. 5.811. Capital Development Board Revolving Fund.

Section 99. Effective date. This Act takes effect January 1, 2013.