Illinois HB4866 mandates transfers of funds between various state funds, including the General Revenue Fund and the Fund for Illinois' Future.
HB4866 amends the State Finance Act to direct the State Comptroller and State Treasurer to transfer funds between various state funds. Key transfers include $370,000,000 from the Fund for Illinois' Future to the General Revenue Fund, $20,000,000 from the Insurance Producer Administration Fund to the General Revenue Fund, and $12,500,000 from the Statewide 9-8-8 Trust Fund to the Compassionate Use of Medical Cannabis Fund. These transfers are scheduled to occur on specific dates, primarily July 1, 2025, or as soon thereafter as practical.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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