(30 ILCS 105/6z-51)
Budget Stabilization Fund.
(a) The Budget Stabilization Fund, a special fund in the State Treasury,
shall consist of moneys appropriated or transferred to that Fund, as provided
in Section 6z-43 and as otherwise provided by law.
All earnings on Budget Stabilization Fund investments shall be deposited into
(b) The State Comptroller may direct the State Treasurer to transfer moneys
from the Budget Stabilization Fund to the General Revenue Fund in order to meet
cash flow deficits resulting from timing variations between disbursements
and the receipt
of funds within a fiscal year. Any moneys so borrowed in any fiscal year other than Fiscal Year 2011 shall be repaid by June
30 of the fiscal year in which they were borrowed.
Any moneys so borrowed in Fiscal Year 2011 shall be repaid no later than July 15, 2011.
(c) During Fiscal Year 2017 only, amounts may be expended from the Budget Stabilization Fund only pursuant to specific authorization by appropriation. Any moneys expended pursuant to appropriation shall not be subject to repayment.
(Source: P.A. 99-523, eff. 6-30-16.)