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``` ` ` `(30 ILCS 390/12)` `(from Ch. 122, par. 1212)` ```
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``` ` ` `Sec. 12. ` ```
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Upon each delivery of Bonds authorized to be
issued under this Act, the Comptroller shall compute
and certify to the State Treasurer the total amount of principal
of and interest on the Bonds issued that will be payable in order to retire
such Bonds and the amount of principal of and interest on such Bonds that
will be payable on each payment date according to the tenure of such Bonds
during the then current and each succeeding fiscal year. On or before the
last day of the month preceding each payment date, the Treasurer and the
Comptroller shall transfer from the General Revenue Fund in the State
Treasury to the School Construction Bond Retirement and Interest Fund a sum
of money, appropriated for such purpose, so such Fund contains an amount
equal to the aggregate of the amount of principal of and interest on the
Bonds payable by the terms of the Bonds on the next payment date. Such
computations and transfers shall be made for each series of the Bonds
issued and delivered. The transfer of monies herein above directed is not
required if monies in the School Construction Bond Retirement and Interest
Fund received from other sources are more than the amount otherwise to be
transferred as hereinabove provided, and if the Governor notifies the
Comptroller and the Treasurer of such fact.
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``` `(Source: P.A. 83-1280.)` ```
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