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IL HB5656
Bill
Status
Passed
7/13/2012
Primary Sponsor
Barbara Currie
Click for details
AI Summary
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Amends Section 6t of the State Finance Act to modify treatment of unused federal funds in the Capital Development Board Contributory Trust Fund.
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Requires unused federal funds from completed capital improvement projects to remain in the Capital Development Board Contributory Trust Fund for use on future capital projects rather than being deposited into the Bond Retirement and Interest Fund.
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Unused federal funds may only be used for capital projects and other purposes as directed by the Capital Development Board, subject to appropriation.
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Effective date is January 1, 2013.
Legislative Description
FINANCE-CDB CONTRIBUTORY FUND
Last Action
Public Act . . . . . . . . . 97-0792
7/13/2012
Committee Referrals
State Government & Veterans Affairs4/11/2012
Assignments3/29/2012
State Government Administration2/27/2012
Rules2/16/2012
Full Bill Text
No bill text available