Senate Sponsors: LUECHTEFELD-SIEBEN AND BOWLES. House Sponsors: FOWLER-BOST-REITZ-JONES,JOHN-WOOLARD Short description: IL AQUACULTURE DEVELOP FUND Synopsis of Bill as introduced: Amends the Civil Administrative Code of Illinois and the Aquaculture Development Act. Provides that the Department of Agriculture shall make grants to an Aquaculture Cooperative consisting of any individual or entity of the aquaculture industry that seeks membership under the Agricultural Co-Operative Act. Provides that the Cooperative grants shall be distributed from the Illinois Aquaculture Development Fund. Provides that the Cooperative shall use the grants (i) to buy aquatic organisms, (ii) for equipment, (iii) for administration, and (iv) for related costs. Schedules the provision for repeal on June 30, 2009. Amends the State Finance Act to create the Illinois Aquaculture Development Fund and to make appropriations to the Cooperative. Amends the Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that beginning July 1, 1999 and ending June 30, 2009, the Department of Revenue shall each month pay into the Illinois Aquaculture Development Fund $83,335 in the aggregate from a portion of the Acts' net revenue realized for the preceding month from the general rate on the sale of tangible personal property. Amends the County Cooperative Extension Law. Provides that the Department of Agriculture, Cooperative Extension Service of the University of Illinois, Southern Illinois University at Carbondale, and community colleges shall provide information and assistance to the aquaculture industry concerning the establishment of the Aquaculture Cooperative. Effective immediately. HOUSE AMENDMENT NO. 1. Provides that at the beginning of each fiscal period, the Aquaculture Cooperative shall prepare a budget plan for the next fiscal period, including the probable cost of all programs, projects, and contracts. Provides that the Cooperative shall submit the proposed budget to the Director of Agriculture for review and comment. Provides that the Cooperative shall keep minutes, books and records, shall make this information public and shall submit the financial records to an annual audit by a certified public accountant. Provides that Illinos State University and Western Illinois University shall provide information and assistance to the aquaculture industry con- cerning the aquaculture cooperative. HOUSE AMENDMENT NO. 2. Deletes reference to: 30 ILCS 105/6z-47 new 35 ILCS 105/9 35 ILCS 110/9 35 ILCS 115/9 35 ILCS 120/3 Provides that on July 1, 1999 and on each July 1 thereafter through July 1, 2008, the Comptroller shall order transferred and the Treasurer shall transfer $1,000,000 from the General Revenue Fund into the Illinois Aquaculture Development Fund. Deletes the provisions transferring a portion of net revenue from the Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, and Retailers' Occupation Tax Act into the Illinois Aquaculture Development Fund. Last action on Bill: PUBLIC ACT.............................. 91-0530 Last action date: 99-08-13 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 2 SENATE - 0 END OF INQUIRY Full Text Bill Status