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IL HB4139

Bill

Official Source

Status

Passed

6/29/2012

Primary Sponsor

Frank Mautino

Click for details

Origin

House of Representatives

97th General Assembly

AI Summary

  • Increases the threshold for transferring excess funds from the State Surplus Property Revolving Fund to the General Revenue Fund from $500,000 to $1,000,000
  • Allows the Department of Central Management Services to retain surplus property sale proceeds up to $1,000,000 for reimbursement of surplus property sale expenditures
  • Maintains separate accounting for Federal surplus property proceeds and wastepaper recycling revenues within the fund
  • Takes effect upon becoming law

Legislative Description

FINANCE-SURPLUS PROPERTY FUND

Last Action

Public Act . . . . . . . . . 97-0722

6/29/2012

Committee Referrals

State Government & Veterans Affairs4/11/2012
Assignments3/26/2012
State Government Administration2/7/2012
Rules1/30/2012

Full Bill Text

No bill text available