[ Search ] [ PDF text ] [ Legislation ]
[ Home ] [ Back ] [ Bottom ]
92_SB1744
LRB9215767JMmb
1 AN ACT concerning lottery proceeds.
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 8a as follows:
6 (30 ILCS 105/8a) (from Ch. 127, par. 144a)
7 Sec. 8a. Common School Fund; transfers to Common School
8 Fund and Education Assistance Fund.
9 (a) Except as provided in subsection (b) of this Section
10 and except as otherwise provided in this subsection (a) with
11 respect to amounts transferred from the General Revenue Fund
12 to the Common School Fund for distribution therefrom for the
13 benefit of the Teachers' Retirement System of the State of
14 Illinois and the Public School Teachers' Pension and
15 Retirement Fund of Chicago:
16 (1) With respect to all school districts, for each
17 fiscal year other than fiscal year 1994, on or before the
18 eleventh and twenty-first days of each of the months of
19 August through the following July, at a time or times
20 designated by the Governor, the State Treasurer and the
21 State Comptroller shall transfer from the General Revenue
22 Fund to the Common School Fund and Education Assistance
23 Fund, as appropriate, 1/24 or so much thereof as may be
24 necessary of the amount appropriated to the State Board
25 of Education for distribution to all school districts
26 from such Common School Fund and Education Assistance
27 Fund, for the fiscal year, including interest on the
28 School Fund proportionate for that distribution for such
29 year.
30 (2) With respect to all school districts, but for
31 fiscal year 1994 only, on the 11th day of August, 1993
-2- LRB9215767JMmb
1 and on or before the 11th and 21st days of each of the
2 months of October, 1993 through July, 1994 at a time or
3 times designated by the Governor, the State Treasurer and
4 the State Comptroller shall transfer from the General
5 Revenue Fund to the Common School Fund 1/24 or so much
6 thereof as may be necessary of the amount appropriated to
7 the State Board of Education for distribution to all
8 school districts from such Common School Fund, for fiscal
9 year 1994, including interest on the School Fund
10 proportionate for that distribution for such year; and on
11 or before the 21st day of August, 1993 at a time or times
12 designated by the Governor, the State Treasurer and the
13 State Comptroller shall transfer from the General Revenue
14 Fund to the Common School Fund 3/24 or so much thereof as
15 may be necessary of the amount appropriated to the State
16 Board of Education for distribution to all school
17 districts from the Common School Fund, for fiscal year
18 1994, including interest proportionate for that
19 distribution on the School Fund for such fiscal year.
20 The amounts of the payments made in July of each year:
21 (i) shall be considered an outstanding liability as of the
22 30th day of June immediately preceding those July payments,
23 within the meaning of Section 25 of this Act; (ii) shall be
24 payable from the appropriation for the fiscal year that ended
25 on that 30th day of June; and (iii) shall be considered
26 payments for claims covering the school year that commenced
27 during the immediately preceding calendar year.
28 Notwithstanding the foregoing provisions of this
29 subsection, as soon as may be after the 10th and 20th days of
30 each of the months of August through May, 1/24, and on or as
31 soon as may be after the 10th and 20th days of June, 1/12 of
32 the annual amount appropriated to the State Board of
33 Education for distribution and payment during that fiscal
34 year from the Common School Fund to and for the benefit of
-3- LRB9215767JMmb
1 the Teachers' Retirement System of the State of Illinois
2 (until the end of State fiscal year 1995) and the Public
3 School Teachers' Pension and Retirement Fund of Chicago as
4 provided by the Illinois Pension Code and Section 18-7 of the
5 School Code, or so much thereof as may be necessary, shall be
6 transferred by the State Treasurer and the State Comptroller
7 from the General Revenue Fund to the Common School Fund to
8 permit semi-monthly payments from the Common School Fund to
9 and for the benefit of such teacher retirement systems as
10 required by Section 18-7 of the School Code.
11 Notwithstanding the other provisions of this Section, on
12 or as soon as may be after the 15th day of each month,
13 beginning in July of 1995, 1/12 of the annual amount
14 appropriated for that fiscal year from the Common School Fund
15 to the Teachers' Retirement System of the State of Illinois
16 (other than amounts appropriated under Section 1.1 of the
17 State Pension Funds Continuing Appropriation Act), or so much
18 thereof as may be necessary, shall be transferred by the
19 State Treasurer and the State Comptroller from the General
20 Revenue Fund to the Common School Fund to permit monthly
21 payments from the Common School Fund to that retirement
22 system in accordance with Section 16-158 of the Illinois
23 Pension Code and Section 18-7 of the School Code. Amounts
24 appropriated to the Teachers' Retirement System of the State
25 of Illinois under Section 1.1 of the State Pension Funds
26 Continuing Appropriation Act shall be transferred by the
27 State Treasurer and the State Comptroller from the General
28 Revenue Fund to the Common School Fund as necessary to
29 provide for the payment of vouchers drawn against those
30 appropriations.
31 The Governor may notify the State Treasurer and the State
32 Comptroller to transfer, at a time designated by the
33 Governor, such additional amount as may be necessary to
34 effect advance distribution to school districts of amounts
-4- LRB9215767JMmb
1 that otherwise would be payable in the next month pursuant to
2 Sections 18-8 through 18-10 of the School Code. The State
3 Treasurer and the State Comptroller shall thereupon transfer
4 such additional amount. The aggregate amount transferred from
5 the General Revenue Fund to the Common School Fund in the
6 eleven months beginning August 1 of any fiscal year shall not
7 be in excess of the amount necessary for payment of claims
8 certified by the State Superintendent of Education pursuant
9 to the appropriation of the Common School Fund for that
10 fiscal year. Notwithstanding the provisions of the first
11 paragraph in this section, no transfer to effect an advance
12 distribution shall be made in any month except on
13 notification, as provided above, by the Governor.
14 The State Comptroller and State Treasurer shall transfer
15 from the General Revenue Fund to the Common School Fund and
16 the Education Assistance Fund such amounts as may be required
17 to honor the vouchers presented by the State Board of
18 Education pursuant to Sections 18-3, 18-4.3, 18-5, 18-6 and
19 18-7 of the School Code.
20 The State Comptroller shall report all transfers provided
21 for in this Act to the President of the Senate, Minority
22 Leader of the Senate, Speaker of the House, and Minority
23 Leader of the House.
24 (b) On or before the 11th and 21st days of each of the
25 months of June, 1982 through July, 1983, at a time or times
26 designated by the Governor, the State Treasurer and the State
27 Comptroller shall transfer from the General Revenue Fund to
28 the Common School Fund 1/24 or so much thereof as may be
29 necessary of the amount appropriated to the State Board of
30 Education for distribution from such Common School Fund, for
31 that same fiscal year, including interest on the School Fund
32 for such year. The amounts of the payments in the months of
33 July, 1982 and July, 1983 shall be considered an outstanding
34 liability as of the 30th day of June immediately preceding
-5- LRB9215767JMmb
1 such July payment, within the meaning of Section 25 of this
2 Act, and shall be payable from the appropriation for the
3 fiscal year which ended on such 30th day of June, and such
4 July payments shall be considered payments for claims
5 covering school years 1981-1982 and 1982-1983 respectively.
6 In the event the Governor makes notification to effect
7 advanced distribution under the provisions of subsection (a)
8 of this Section, the aggregate amount transferred from the
9 General Revenue Fund to the Common School Fund in the 12
10 months beginning August 1, 1981 or the 12 months beginning
11 August 1, 1982 shall not be in excess of the amount necessary
12 for payment of claims certified by the State Superintendent
13 of Education pursuant to the appropriation of the Common
14 School Fund for the fiscal years commencing on the first of
15 July of the years 1981 and 1982.
16 (c) In determining amounts to be transferred from the
17 General Revenue Fund to the Common School Fund, the amount of
18 moneys transferred from the State Lottery Fund to the Common
19 School Fund shall be disregarded. The amounts transferred
20 from the General Revenue Fund shall not be decreased as an
21 adjustment for any amounts transferred from the State Lottery
22 Fund to the Common School Fund.
23 (Source: P.A. 90-372, eff. 7-1-98; 90-587, eff. 7-1-98;
24 91-96, eff. 7-9-99.)
25 Section 99. Effective date. This Act takes effect upon
26 becoming law.