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92_HB0185ham003
LRB9202705DHmbam04
1 AMENDMENT TO HOUSE BILL 185
2 AMENDMENT NO. . Amend House Bill 185, AS AMENDED, as
3 follows:
4 in Section 5, in the introductory clause, by replacing
5 "2-2.02 and 2-2.04" with "2-2.02, 2-2.04, and 2-7"; and
6 in Section 5, below the last line of Sec. 2-2.04, by
7 inserting the following:
8 "(30 ILCS 740/2-7) (from Ch. 111 2/3, par. 667)
9 Sec. 2-7. Quarterly reports; annual audit.
10 (a) Any Metro-East Transit District participant shall,
11 no later than 60 30 days following the end of each quarter
12 month of any fiscal year, file with the Department on forms
13 provided by the Department for that purpose, a report of the
14 actual operating deficit experienced during that quarter.
15 The Department shall, upon receipt of the quarterly report,
16 determine whether the and upon determining that such
17 operating deficits were incurred in conformity with the
18 program of proposed expenditures approved by the Department
19 pursuant to Section 2-11. Any Metro-East District may either
20 monthly or quarterly for any fiscal year file a request for
21 the participant's eligible share, as allocated in accordance
22 with Section 2-6, of the amounts transferred into the
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1 Metro-East Public Transportation Fund, pay to any Metro-East
2 Transit District participant such portion of such operating
3 deficit as funds have been transferred to the Metro-East
4 Transit Public Transportation Fund and allocated to that
5 Metro-East Transit District participant.
6 (b) Each participant other than any Metro-East Transit
7 District participant shall, 30 days before the end of each
8 quarter, file with the Department on forms provided by the
9 Department for such purposes a report of the projected
10 eligible operating expenses to be incurred in the next
11 quarter and 30 days before the third and fourth quarters of
12 any fiscal year a statement of actual eligible operating
13 expenses incurred in the preceding quarters. Within 45 days
14 of receipt by the Department of such quarterly report, the
15 Comptroller shall order paid and the Treasurer shall pay from
16 the Downstate Public Transportation Fund to each participant
17 an amount equal to one-third of such participant's eligible
18 operating expenses; provided, however, that in Fiscal Year
19 1997, the amount paid to each participant from the Downstate
20 Public Transportation Fund shall be an amount equal to 47% of
21 such participant's eligible operating expenses and shall be
22 increased to 49% in Fiscal Year 1998, 51% in Fiscal Year
23 1999, 53% in Fiscal Year 2000, and 55% in Fiscal Year 2001
24 and thereafter; however, in any year that a participant
25 receives funding under subsection (i) of Section 2705-305 of
26 the Department of Transportation Law (20 ILCS 2705/2705-305),
27 that participant shall be eligible only for assistance equal
28 to the following percentage of its eligible operating
29 expenses: 42% in Fiscal Year 1997, 44% in Fiscal Year 1998,
30 46% in Fiscal Year 1999, 48% in Fiscal Year 2000, and 50% in
31 Fiscal Year 2001 and thereafter. Any such payment for the
32 third and fourth quarters of any fiscal year shall be
33 adjusted to reflect actual eligible operating expenses for
34 preceding quarters of such fiscal year. However, no
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1 participant shall receive an amount less than that which was
2 received in the immediate prior year, provided in the event
3 of a shortfall in the fund those participants receiving less
4 than their full allocation pursuant to Section 2-6 of this
5 Article shall be the first participants to receive an amount
6 not less than that received in the immediate prior year.
7 (c) No later than 180 days following the last day of the
8 Fiscal Year each participant shall provide the Department
9 with an audit prepared by a Certified Public Accountant
10 covering that Fiscal Year. Any discrepancy between the
11 grants paid and one-third of the eligible operating expenses
12 or in the case of the Bi-State Metropolitan Development
13 District the approved program amount shall be reconciled by
14 appropriate payment or credit. Beginning in Fiscal Year 1985,
15 For those participants other than a Metro-East Transit
16 District the Bi-State Metropolitan Development District, any
17 discrepancy between the grants paid and the percentage of the
18 eligible operating expenses provided for by paragraph (b) of
19 this Section shall be reconciled by appropriate payment or
20 credit. In the case of any Metro-East Transit District, any
21 amount of payments from the Metro-East Public Transportation
22 Fund which exceed the eligible deficit of the participant
23 shall be reconciled by appropriate payment or credit.
24 (Source: P.A. 91-239, eff. 1-1-00; 91-357, eff. 7-29-99;
25 revised 8-9-99.)".