SB0514 Engrossed

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    AN ACT concerning finance.

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


 
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    Section 5. The State Finance Act is amended  by changing 
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Section 8h as follows:
 
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    (30 ILCS 105/8h)


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    Sec. 8h. Transfers to General Revenue Fund.  
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    (a) Except as provided in subsection (b), notwithstanding 
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any other
State law to the contrary, the Governor


may, through 
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June 30, 2007, from time to time direct the State Treasurer and 
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Comptroller to transfer
a specified sum from any fund held by 
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the State Treasurer to the General
Revenue Fund in order to 
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help defray the State's operating costs for the
fiscal year.  
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The total transfer under this Section from any fund in any

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fiscal year shall not exceed the lesser of (i) 8% of the 
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revenues to be deposited
into the fund during that fiscal year 
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or (ii) an amount that leaves a remaining fund balance of 25% 
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of the July 1 fund balance of that fiscal year. In fiscal year 
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2005 only, prior to calculating the July 1, 2004 final 
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balances, the Governor may calculate and direct the State 
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Treasurer with the Comptroller to transfer additional amounts 
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determined by applying the formula authorized in Public Act 
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93-839 to the funds balances on July 1, 2003.
No transfer may 
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be made from a fund under this Section that would have the

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effect of reducing the available balance in the fund to an 
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amount less than
the amount remaining unexpended and unreserved 
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from the total appropriation
from that fund estimated to be 
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expended for that fiscal year.  This Section does not apply to 
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any
funds that are restricted by federal law to a specific use, 
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to any funds in
the Motor Fuel Tax Fund, the Hospital Provider 
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Fund, the Medicaid Provider Relief Fund, or the Reviewing Court 
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Alternative Dispute Resolution Fund, or to any
funds to which 
 


 






SB0514 Engrossed
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subsection (f) of Section 20-40 of the Nursing and Advanced 
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Practice Nursing Act applies.  Notwithstanding any
other 
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provision of this Section, for fiscal year 2004,
the total 
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transfer under this Section from the Road Fund or the State

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Construction Account Fund shall not exceed the lesser of (i) 5% 
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of the revenues to be deposited
into the fund during that 
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fiscal year or (ii) 25% of the beginning balance in the fund.

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For fiscal year 2005 through fiscal year 2007, no amounts may 
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be transferred under this Section from the Road Fund, the State 
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Construction Account Fund, the Criminal Justice Information 
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Systems Trust Fund, the Wireless Service Emergency Fund, or the 
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Mandatory Arbitration Fund.

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    In determining the available balance in a fund, the 
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Governor


may include receipts, transfers into the fund, and 
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other
resources anticipated to be available in the fund in that 
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fiscal year.


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    The State Treasurer and Comptroller shall transfer the 
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amounts designated
under this Section as soon as may be 
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practicable after receiving the direction
to transfer from the 
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Governor.


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    (b) This Section does not apply to: (i) any fund 
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established under the Community Senior Services and Resources 
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Act; or (ii) on or after the effective date of this amendatory 
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Act of the 94th General Assembly, the Teachers Health Insurance 
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Security Fund.

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(Source: P.A. 93-32, eff. 6-20-03; 93-659, eff. 2-3-04; 93-674, 
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eff. 6-10-04; 93-714, eff. 7-12-04; 93-801, eff. 7-22-04; 
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93-839, eff. 7-30-04; 93-1054, eff. 11-18-04; 93-1067, eff. 
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1-15-05.)

 

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