State of Illinois
2017 and 2018


Introduced 1/11/2017, by Sen. John J. Cullerton


30 ILCS 105/5  from Ch. 127, par. 141

    Amends the State Finance Act. Makes a technical change in a Section concerning special funds.

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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 5 as follows:
6    (30 ILCS 105/5)  (from Ch. 127, par. 141)
7    Sec. 5. Special funds.
8    (a) There are special funds in the the State Treasury
9designated as specified in the Sections which succeed this
10Section 5 and precede Section 6.
11    (b) Except as provided in the Illinois Motor Vehicle Theft
12Prevention Act, when any special fund in the State Treasury is
13discontinued by an Act of the General Assembly, any balance
14remaining therein on the effective date of such Act shall be
15transferred to the General Revenue Fund, or to such other fund
16as such Act shall provide. Warrants outstanding against such
17discontinued fund at the time of the transfer of any such
18balance therein shall be paid out of the fund to which the
19transfer was made.
20    (c) When any special fund in the State Treasury has been
21inactive for 18 months or longer, the fund is automatically
22terminated by operation of law and the balance remaining in
23such fund shall be transferred by the Comptroller to the



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1General Revenue Fund. When a special fund has been terminated
2by operation of law as provided in this Section, the General
3Assembly shall repeal or amend all Sections of the statutes
4creating or otherwise referring to that fund.
5    The Comptroller shall be allowed the discretion to maintain
6or dissolve any federal trust fund which has been inactive for
718 months or longer.
8    (d) (Blank).
9    (e) (Blank).
10(Source: P.A. 90-372, eff. 7-1-98.)