State of Illinois
2011 and 2012


Introduced 2/10/2011, by Sen. Susan Garrett


30 ILCS 105/6z-51

    Amends the State Finance Act. Makes a technical change in a Section concerning the Budget Stabilization Fund.

LRB097 09981 PJG 50150 b





SB2119LRB097 09981 PJG 50150 b

1    AN ACT concerning finance.
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4    Section 5. The State Finance Act is amended by changing
5Section 6z-51 as follows:
6    (30 ILCS 105/6z-51)
7    Sec. 6z-51. Budget Stabilization Fund.
8    (a) The The Budget Stabilization Fund, a special fund in
9the State Treasury, shall consist of moneys appropriated or
10transferred to that Fund, as provided in Section 6z-43 and as
11otherwise provided by law. All earnings on Budget Stabilization
12Fund investments shall be deposited into that Fund.
13    (b) The State Comptroller may direct the State Treasurer to
14transfer moneys from the Budget Stabilization Fund to the
15General Revenue Fund in order to meet cash flow deficits
16resulting from timing variations between disbursements and the
17receipt of funds within a fiscal year. Any moneys so borrowed
18shall be repaid by June 30 of the fiscal year in which they
19were borrowed.
20(Source: P.A. 92-11, eff. 6-11-01; 92-651, eff. 7-11-02;
2193-660, eff. 7-1-04.)