HB5190 Summary

• Creates seven new special funds in the State Treasury: Aeronautics Fund, Emergency Planning and Training Fund, ISAC Accounts Receivable Fund, Motor Fuel and Petroleum Standards Fund, State Small Business Credit Initiative Fund, Public Pension Regulation Fund, and Vehicle Inspection Fund.

• Modifies the Illinois Power Agency Trust Fund to allow investment income appropriation (not to exceed 90% of prior year earnings) to the Illinois Power Agency Operations Fund, with specific restrictions on appropriations during fiscal years 2008-2011.

• Removes references to the "Build Illinois Purposes Fund" (now abolished) throughout multiple statutes including the Environmental Protection Act, Build Illinois Act, and Transportation Law.

• Establishes the Law Enforcement Training Fund to receive 90% of revenue from insurance producer license fee increases and auto insurance policy fees, to be used by the Illinois Law Enforcement Training Standards Board for law enforcement training and certification programs.

• Updates various statutory provisions including modifications to the Golden Apple Scholars Program, Nurse Educator Assistance Act, and Consumer Fraud Act to reference the newly created ISAC Accounts Receivable Fund and other technical corrections.