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92_SB1543ham003
LRB9211240SMdvam04
1 AMENDMENT TO SENATE BILL 1543
2 AMENDMENT NO. . Amend Senate Bill 1543, AS AMENDED,
3 by inserting immediately below the enacting clause, the
4 following:
5 "Section 2. The Short Term Borrowing Act is amended by
6 adding Section 1.2 as follows:
7 (30 ILCS 340/1.2 new)
8 Sec. 1.2. Fiscal years 2002 and 2003; fiscal crisis
9 borrowing. Notwithstanding any other provision of this Act or
10 any other law to the contrary, the Governor, upon his or her
11 authority only, may contract debts not exceeding
12 $1,000,000,000 in the aggregate in fiscal years 2002 and 2003
13 to pay State debts. All moneys so borrowed shall be borrowed
14 for no longer than one year.".