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| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB5320 Introduced 2/8/2012, by Rep. Barbara Flynn Currie SYNOPSIS AS INTRODUCED:
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| 20 ILCS 3105/19 new | | 30 ILCS 105/5.811 new | |
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Amends the Capital Development Board Act. Creates the Capital Development Board Revolving Fund as a special fund in the State treasury. Provides that moneys deposited into the Fund shall be expended for capital projects and for no other purpose. Effective January 1, 2013.
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| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | HB5320 | | LRB097 19688 PJG 64944 b |
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| 1 | | AN ACT concerning State government.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Capital Development Board Act is amended by |
| 5 | | adding Section 19 as follows:
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| 6 | | (20 ILCS 3105/19 new) |
| 7 | | Sec. 19. Capital Development Board Revolving Fund; |
| 8 | | creation. Federal funds provided by the federal government for |
| 9 | | capital projects in the State of Illinois and received by the |
| 10 | | Capital Development Board shall be deposited into the Capital |
| 11 | | Development Board Revolving Fund, a special fund created in the |
| 12 | | State treasury. Subject to appropriation, and as directed by |
| 13 | | the Board, moneys deposited into the Fund shall be expended for |
| 14 | | capital projects and for no other purpose.
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| 15 | | Section 10. The State Finance Act is amended by adding |
| 16 | | Section 5.811 as follows:
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| 17 | | (30 ILCS 105/5.811 new) |
| 18 | | Sec. 5.811. Capital Development Board Revolving Fund.
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| 19 | | Section 99. Effective date. This Act takes effect January |
| 20 | | 1, 2013.
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