IL SB3286

Amends the State Finance Act to increase the threshold for the State Surplus Property Revolving Fund balance from $500,000 to $1,000,000.

Any balance exceeding $1,000,000 at the end of the lapse period must be transferred and deposited into the General Revenue Fund.

Maintains separate accounting for Federal surplus property proceeds, which continue to be used solely for reimbursing the Department of Central Management Services for related expenditures.

Preserves existing provisions for wastepaper recycling program revenues, which are placed in a separate account and transferred quarterly to the Paper and Printing Revolving Fund.

Takes effect immediately upon becoming law.