IL SB0536

Amends Section 1 of the Short Term Borrowing Act regarding cash flow borrowing

Makes only a technical change, replacing the word "and" with "and" (no substantive change to the law)

The underlying statute allows the Governor, Comptroller, and Treasurer to borrow up to 5% of the State's appropriations when timing variations occur between disbursement and receipt of budgeted funds

Borrowed funds must be repaid by the close of the fiscal year in which they were borrowed