HB1512 Summary

• Creates the FY09 Budget Relief Fund as a special fund in the State Treasury and directs transfers of $221.25 million from designated special funds in equal quarterly installments starting on the effective date through April 1, 2009.

• Authorizes transfers totaling $351.7 million from various special funds to the General Revenue Fund in equal quarterly installments starting July 1, 2009, with provisions allowing the Director of the Governor's Office of Management and Budget to reverse transfers that jeopardize federal funding or violate court orders.

• Directs additional transfers of $500,000 from the FY09 Budget Relief Fund to the DHS Private Resources Fund on December 1, 2010, and $503,700 plus $1,000,000 to designated funds from the General Revenue Fund on the same date.

• Amends the Criminal Code to impose a $1,000 vehicle impoundment fee for arrests related to driving violations, with $500 distributed to the arresting unit and $500 deposited into the DHS State Projects Fund upon conviction to fund grants for human trafficking victims.