Rep. Karen May

Filed: 3/4/2011

 

 


 

 


 
09700HB1355ham002LRB097 07051 HLH 52021 a

1
AMENDMENT TO HOUSE BILL 1355

2    AMENDMENT NO. ______. Amend House Bill 1355 by replacing
3everything after the enacting clause with the following:
 
4    "Section 5. The Department of Revenue Law of the Civil
5Administrative Code of Illinois is amended by adding Section
62505-755 as follows:
 
7    (20 ILCS 2505/2505-755 new)
8    Sec. 2505-755. Deposit of State funds. Notwithstanding any
9other provision of law, the proceeds from any tax imposed by
10the State and collected and administered by the Department
11shall be deposited into the appropriate fund in the State
12treasury within 3 business days after the proceeds are received
13by the Department.
 
14    Section 10. The State Finance Act is amended by adding
15Section 4.2 as follows:
 

 

 

09700HB1355ham002- 2 -LRB097 07051 HLH 52021 a

1    (30 ILCS 105/4.2 new)
2    Sec. 4.2. Deposit of State funds. Notwithstanding any other
3provision of law, moneys received by any State agency that are
4required to be deposited into a fund in the State treasury
5shall be deposited into the appropriate fund in the State
6treasury within 3 business days after the moneys are received
7by the agency.
 
8    Section 99. Effective date. This Act takes effect upon
9becoming law.".