summary
Introduced
02/03/2026
02/03/2026
In Committee
02/06/2026
02/06/2026
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the State Finance Act. Provides that, as soon as practical after the effective date of the amendatory Act, the State Comptroller shall direct and the State Treasurer shall transfer $370,000,000 from the Fund for Illinois' Future to the General Revenue Fund. Effective immediately.
AI Summary
This bill amends the State Finance Act to direct the State Comptroller and State Treasurer to transfer $370,000,000 from the Fund for Illinois' Future to the General Revenue Fund as soon as practical after the bill becomes law. The General Revenue Fund is the state's main operating fund, and the Fund for Illinois' Future is a specific fund established for various initiatives. This action is part of a larger set of financial adjustments outlined in the bill, which involves numerous transfers between different state funds. The bill takes effect immediately upon becoming law.
Sponsors (1)
Last Action
Referred to Rules Committee (on 02/06/2026)
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