State of Illinois
92nd General Assembly
Legislation

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92_SB1744

 
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 1        AN ACT concerning lottery proceeds.

 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    Section 8a as follows:

 6        (30 ILCS 105/8a) (from Ch. 127, par. 144a)
 7        Sec. 8a.  Common School Fund; transfers to Common  School
 8    Fund and Education Assistance Fund.
 9        (a)  Except as provided in subsection (b) of this Section
10    and  except as otherwise provided in this subsection (a) with
11    respect to amounts transferred from the General Revenue  Fund
12    to  the Common School Fund for distribution therefrom for the
13    benefit of the Teachers' Retirement System of  the  State  of
14    Illinois   and   the  Public  School  Teachers'  Pension  and
15    Retirement Fund of Chicago:
16             (1)  With respect to all school districts, for  each
17        fiscal year other than fiscal year 1994, on or before the
18        eleventh  and  twenty-first days of each of the months of
19        August through the following July, at  a  time  or  times
20        designated  by  the Governor, the State Treasurer and the
21        State Comptroller shall transfer from the General Revenue
22        Fund to the Common School Fund and  Education  Assistance
23        Fund,  as  appropriate, 1/24 or so much thereof as may be
24        necessary of the amount appropriated to the  State  Board
25        of  Education  for  distribution  to all school districts
26        from such Common School  Fund  and  Education  Assistance
27        Fund,  for  the  fiscal  year,  including interest on the
28        School Fund proportionate for that distribution for  such
29        year.
30             (2)  With  respect  to all school districts, but for
31        fiscal year 1994 only, on the 11th day  of  August,  1993
 
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 1        and  on  or  before the 11th and 21st days of each of the
 2        months of October, 1993 through July, 1994 at a  time  or
 3        times designated by the Governor, the State Treasurer and
 4        the  State  Comptroller  shall  transfer from the General
 5        Revenue Fund to the Common School Fund 1/24  or  so  much
 6        thereof as may be necessary of the amount appropriated to
 7        the  State  Board  of  Education  for distribution to all
 8        school districts from such Common School Fund, for fiscal
 9        year  1994,  including  interest  on  the   School   Fund
10        proportionate for that distribution for such year; and on
11        or before the 21st day of August, 1993 at a time or times
12        designated  by  the Governor, the State Treasurer and the
13        State Comptroller shall transfer from the General Revenue
14        Fund to the Common School Fund 3/24 or so much thereof as
15        may be necessary of the amount appropriated to the  State
16        Board   of  Education  for  distribution  to  all  school
17        districts from the Common School Fund,  for  fiscal  year
18        1994,   including   interest   proportionate   for   that
19        distribution on the School Fund for such fiscal year.
20        The  amounts  of  the payments made in July of each year:
21    (i) shall be considered an outstanding liability  as  of  the
22    30th  day  of June immediately preceding those July payments,
23    within the meaning of Section 25 of this Act; (ii)  shall  be
24    payable from the appropriation for the fiscal year that ended
25    on  that  30th  day  of  June;  and (iii) shall be considered
26    payments for claims covering the school year  that  commenced
27    during the immediately preceding calendar year.
28        Notwithstanding   the   foregoing   provisions   of  this
29    subsection, as soon as may be after the 10th and 20th days of
30    each of the months of August through May, 1/24, and on or  as
31    soon  as may be after the 10th and 20th days of June, 1/12 of
32    the  annual  amount  appropriated  to  the  State  Board   of
33    Education  for  distribution  and  payment during that fiscal
34    year from the Common School Fund to and for  the  benefit  of
 
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 1    the  Teachers'  Retirement  System  of  the State of Illinois
 2    (until the end of State fiscal  year  1995)  and  the  Public
 3    School  Teachers'  Pension  and Retirement Fund of Chicago as
 4    provided by the Illinois Pension Code and Section 18-7 of the
 5    School Code, or so much thereof as may be necessary, shall be
 6    transferred by the State Treasurer and the State  Comptroller
 7    from  the  General  Revenue Fund to the Common School Fund to
 8    permit semi-monthly payments from the Common School  Fund  to
 9    and  for  the  benefit  of such teacher retirement systems as
10    required by Section 18-7 of the School Code.
11        Notwithstanding the other provisions of this Section,  on
12    or  as  soon  as  may  be  after  the 15th day of each month,
13    beginning  in  July  of  1995,  1/12  of  the  annual  amount
14    appropriated for that fiscal year from the Common School Fund
15    to the Teachers' Retirement System of the State  of  Illinois
16    (other  than  amounts  appropriated  under Section 1.1 of the
17    State Pension Funds Continuing Appropriation Act), or so much
18    thereof as may be necessary,  shall  be  transferred  by  the
19    State  Treasurer  and  the State Comptroller from the General
20    Revenue Fund to the Common  School  Fund  to  permit  monthly
21    payments  from  the  Common  School  Fund  to that retirement
22    system in accordance with  Section  16-158  of  the  Illinois
23    Pension  Code  and  Section 18-7 of the School Code.  Amounts
24    appropriated to the Teachers' Retirement System of the  State
25    of  Illinois  under  Section  1.1  of the State Pension Funds
26    Continuing Appropriation Act  shall  be  transferred  by  the
27    State  Treasurer  and  the State Comptroller from the General
28    Revenue Fund to  the  Common  School  Fund  as  necessary  to
29    provide  for  the  payment  of  vouchers  drawn against those
30    appropriations.
31        The Governor may notify the State Treasurer and the State
32    Comptroller  to  transfer,  at  a  time  designated  by   the
33    Governor,  such  additional  amount  as  may  be necessary to
34    effect advance distribution to school  districts  of  amounts
 
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 1    that otherwise would be payable in the next month pursuant to
 2    Sections  18-8  through  18-10  of the School Code. The State
 3    Treasurer and the State Comptroller shall thereupon  transfer
 4    such additional amount. The aggregate amount transferred from
 5    the  General  Revenue  Fund  to the Common School Fund in the
 6    eleven months beginning August 1 of any fiscal year shall not
 7    be in excess of the amount necessary for  payment  of  claims
 8    certified  by  the State Superintendent of Education pursuant
 9    to the appropriation of  the  Common  School  Fund  for  that
10    fiscal  year.  Notwithstanding  the  provisions  of the first
11    paragraph in this section, no transfer to effect  an  advance
12    distribution   shall   be   made   in  any  month  except  on
13    notification, as provided above, by the Governor.
14        The State Comptroller and State Treasurer shall  transfer
15    from  the  General Revenue Fund to the Common School Fund and
16    the Education Assistance Fund such amounts as may be required
17    to honor  the  vouchers  presented  by  the  State  Board  of
18    Education  pursuant  to Sections 18-3, 18-4.3, 18-5, 18-6 and
19    18-7 of the School Code.
20        The State Comptroller shall report all transfers provided
21    for in this Act to the  President  of  the  Senate,  Minority
22    Leader  of  the  Senate,  Speaker  of the House, and Minority
23    Leader of the House.
24        (b)  On or before the 11th and 21st days of each  of  the
25    months  of  June, 1982 through July, 1983, at a time or times
26    designated by the Governor, the State Treasurer and the State
27    Comptroller shall transfer from the General Revenue  Fund  to
28    the  Common  School  Fund  1/24  or so much thereof as may be
29    necessary of the amount appropriated to the  State  Board  of
30    Education  for distribution from such Common School Fund, for
31    that same fiscal year, including interest on the School  Fund
32    for  such year.  The amounts of the payments in the months of
33    July, 1982 and July, 1983 shall be considered an  outstanding
34    liability  as  of  the 30th day of June immediately preceding
 
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 1    such July payment, within the meaning of Section 25  of  this
 2    Act,  and  shall  be  payable  from the appropriation for the
 3    fiscal year which ended on such 30th day of  June,  and  such
 4    July   payments  shall  be  considered  payments  for  claims
 5    covering school years 1981-1982 and 1982-1983 respectively.
 6        In the event the Governor makes  notification  to  effect
 7    advanced  distribution under the provisions of subsection (a)
 8    of this Section, the aggregate amount  transferred  from  the
 9    General  Revenue  Fund  to  the  Common School Fund in the 12
10    months beginning August 1, 1981 or the  12  months  beginning
11    August 1, 1982 shall not be in excess of the amount necessary
12    for  payment  of claims certified by the State Superintendent
13    of Education pursuant to  the  appropriation  of  the  Common
14    School  Fund  for the fiscal years commencing on the first of
15    July of the years 1981 and 1982.
16        (c)  In determining amounts to be  transferred  from  the
17    General Revenue Fund to the Common School Fund, the amount of
18    moneys  transferred from the State Lottery Fund to the Common
19    School Fund shall be disregarded.   The  amounts  transferred
20    from  the  General  Revenue Fund shall not be decreased as an
21    adjustment for any amounts transferred from the State Lottery
22    Fund to the Common School Fund.
23    (Source: P.A.  90-372,  eff.  7-1-98;  90-587,  eff.  7-1-98;
24    91-96, eff. 7-9-99.)

25        Section  99.  Effective date.  This Act takes effect upon
26    becoming law.

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