IL SB3207

Amends the Short Term Borrowing Act (30 ILCS 340/1) to make a technical grammatical correction.

Changes language in Section 1 concerning cash flow borrowing by replacing "and and" with a single "and" between the words "disbursement" and "receipt".

Maintains existing provisions allowing the Governor, Comptroller, and Treasurer to borrow up to 5% of the State's annual appropriations to manage cash flow timing variations.

Requires all borrowed funds to be repaid by the close of the fiscal year in which they were borrowed.