91st General Assembly
Summary of HB0357
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House Sponsors:
MADIGAN,MJ-HANNIG-GIGLIO-GRANBERG-MCGUIRE, FOWLER, REITZ, 
   GILES, NOVAK, CURRY,JULIE, SCHOENBERG, HOLBROOK, 
   JOHNSON,TOM, STEPHENS, HARRIS, HOFFMAN, SMITH,MICHAEL, 
   BRUNSVOLD, CROTTY, BLACK, KOSEL, BOST, JONES,JOHN, 
   LYONS,EILEEN, WOOLARD, ZICKUS, MITCHELL,BILL, 
   O'CONNOR AND DAVIS,STEVE.

Senate Sponsors:
KLEMM

Short description: 
SCH INFRASTRCTRE FND-TRANSFERS                                             

Synopsis of Bill as introduced:
        Amends the State Finance Act in the Section creating  the  School      
   Infrastructure  Fund.   Provides  that surplus money in the Fund shall      
   first be used to make 3 transfers to the School  Technology  Revolving      
   Loan  Fund  (now,  the  moneys  are  used to make payments, subject to      
   appropriation, to the School Technology Revolving Loan  Fund).   Makes      
   stylistic changes.                                                          
        HOUSE AMENDMENT NO. 1.                                                 
        Adds an immediate effective date.                                      
          FISCAL NOTE, AMENDED (State Comptroller)                             
          HB357 will allow the automatic transfer of $30 million in            
          FY1999, $20 million in FY2000, and $10 million in FY2001.            
          FISCAL NOTE, H-AM 1 (State Board of Education)                       
          HB357, with H-am 1, in and of itself, will have no fiscal            
          impact.                                                              
          STATE MANDATES NOTE, H-AM 1 (State Board of Education)               
          Same as SBE fiscal note.                                             
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


   END OF INQUIRY 



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