Bill > HB3070

This bill amends the State Finance Act by removing previously scheduled repeal provisions for the Capital Development Board Revolving Fund, which means the fund will continue to exist beyond its original planned expiration date of July 1, 2025. The Capital Development Board Revolving Fund is a special fund in the state treasury that collects money from various sources, including publications, contract administration fees, and reimbursements. The fund can be used by the Capital Development Board for a range of operational expenses such as personal services, retirement, social security, contractual services, legal services, travel, commodities, printing, equipment, and telecommunications. Additionally, starting in fiscal year 2021, the fund can also be used to support the Executive Ethics Commission for oversight and administration of the Chief Procurement Officer. The bill ensures that the fund's moneys cannot be transferred or allocated to other funds by the Comptroller, Treasurer, or Governor, maintaining the fund's designated purpose and financial integrity.

Government Affairs

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3070&GAID=18&DocTypeID=HB&SessionID=114&GA=104