Illinois General Assembly - Bill Status for SB2894
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 Bill Status of SB2894  95th General Assembly


Short Description:  RIVERBOATS-REISSUED LICENSE

Senate Sponsors
Sen. Rickey R. Hendon

Last Action
DateChamber Action
  1/13/2009SenateSession Sine Die

Statutes Amended In Order of Appearance
230 ILCS 10/13from Ch. 120, par. 2413
30 ILCS 105/5.708 new
30 ILCS 105/6z-72 new


Synopsis As Introduced
Amends the Riverboat Gambling Act. Provides that the moneys deposited in the State Gaming Fund from (1) the re-issuance of a revoked or terminated license and (2) the operation of a riverboat by a licensee whose license was re-issued (including the admission tax and the privilege tax) shall be distributed as follows: the lesser of 20% or one-twelfth of $100,000,000 shall be transferred monthly from the State Gaming Fund into the Emergency Capital Program Fund and the remainder shall be transferred monthly from the State Gaming Fund into the Education Assistance Fund. Amends the State Finance Act to create the Emergency Capital Program Fund as a special fund in the State treasury. Provides that moneys in the Emergency Capital Program Fund shall be used solely for the purpose of capital-related expenditures based on the emergency need of the project, as determined by the Capital Development Board. Effective immediately.

Actions 
DateChamber Action
  2/15/2008SenateFiled with Secretary by Sen. Rickey R. Hendon
  2/15/2008SenateFirst Reading
  2/15/2008SenateReferred to Rules
  1/13/2009SenateSession Sine Die

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