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IL HB5320
Bill
Status
Failed
1/8/2013
Primary Sponsor
Barbara Currie
Click for details
AI Summary
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Creates the Capital Development Board Revolving Fund as a special fund in the State treasury under the Capital Development Board Act.
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Requires federal funds provided to the Capital Development Board for capital projects in Illinois to be deposited into the Revolving Fund.
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Specifies that moneys in the Fund shall be expended for capital projects only and no other purpose, subject to appropriation and Board direction.
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Amends both the Capital Development Board Act and the State Finance Act to establish and define the Revolving Fund.
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Effective date is January 1, 2013.
Legislative Description
CDB-CAPITAL REVOLVING FUND
Last Action
Session Sine Die
1/8/2013
Committee Referrals
Rules2/8/2012
Full Bill Text
No bill text available