(30 ILCS 330/12) (from Ch. 127, par. 662)
Sec. 12. Allocation of proceeds from sale of Bonds.
(a) Proceeds from the sale of Bonds, authorized by Section 3 of this Act,
shall be deposited in the separate fund known as the Capital Development Fund.
(b) Proceeds from the sale of Bonds, authorized by paragraph (a) of Section
4 of this Act, shall be deposited in the separate fund known as the
Transportation Bond, Series A Fund.
(c) Proceeds from the sale of Bonds, authorized by paragraphs (b) and (c)
of Section 4 of this Act, shall be deposited in the separate fund known
as the Transportation Bond, Series B Fund.
(c-1) Proceeds from the sale of Bonds, authorized by paragraph (d) of Section 4 of this Act, shall be deposited into the Transportation Bond Series D Fund, which is hereby created. (c-2) Proceeds from the sale of Bonds, authorized by paragraph (e) of Section 4 of this Act, shall be deposited into the Multi-modal Transportation Bond Fund, which is hereby created. (d) Proceeds from the sale of Bonds, authorized by Section 5 of this
Act, shall be deposited in the separate fund known as the School Construction
Fund.
(e) Proceeds from the sale of Bonds, authorized by Section 6 of this Act,
shall be deposited in the separate fund known as the Anti-Pollution Fund.
(f) Proceeds from the sale of Bonds, authorized by Section 7 of this Act,
shall be deposited in the separate fund known as the Coal Development Fund.
(f-2) Proceeds from the sale of Bonds, authorized by Section 7.2 of this
Act, shall be deposited as set forth in Section 7.2.
(f-5) Proceeds from the sale of Bonds, authorized by Section 7.5 of this
Act, shall be deposited as set forth in Section 7.5.
(f-7) Proceeds from the sale of Bonds, authorized by Section 7.6 of this Act, shall be deposited as set forth in Section 7.6. (f-8) Proceeds from the sale of Bonds, authorized by Section 7.7 of this Act, shall be deposited as set forth in Section 7.7. (g) Proceeds from the sale of Bonds, authorized by Section 8 of this Act,
shall be deposited in
the Capital Development Fund.
(h) Subsequent to the issuance of any Bonds for the purposes described
in Sections 2 through 8 of this Act, the Governor and the Director of the
Governor's Office of Management and Budget may provide for the reallocation of unspent proceeds
of such Bonds to any other purposes authorized under said Sections of this
Act, subject to the limitations on aggregate principal amounts contained
therein. Upon any such reallocation, such unspent proceeds shall be
transferred to the appropriate funds as determined by reference to
paragraphs (a) through (g) of this Section.
(Source: P.A. 100-23, eff. 7-6-17; 100-587, eff. 6-4-18; 101-30, eff. 6-28-19.)
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