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92_HB1484
LRB9203663DHmb
1 AN ACT regarding finance.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The State Finance Act is amended by changing
5 Section 5e as follows:
6 (30 ILCS 105/5e) (from Ch. 127, par. 141e)
7 Sec. 5e. The Governor, in his or her discretion, when he
8 or she deems it necessary for payments of the State's
9 obligations, may authorize transfers from the Road Fund to
10 the State Construction Account Fund. Any amount so
11 transferred shall be retransferred from the State
12 Construction Account Fund to the Road Fund by the end of the
13 fiscal year in which the transfer was made. The transfers
14 out of the Road Fund shall not exceed $35,000,000 in any
15 fiscal year. No transfers from the Road Fund which impair
16 the obligations of the State shall be authorized. The
17 Comptroller and the Treasurer, upon receipt of authorization
18 from the Governor, shall make transfers in accordance with
19 this Section. In the event the Governor fails to authorize
20 the retransfer into the Road Fund as required by this
21 Section, the Comptroller and the Treasurer shall make such
22 retransfer.
23 (Source: P.A. 84-431.)