FINANCE-FUND FOR IL FUTURE

Illinois General Assembly - Full Text of HB4866

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HB4866 - 104th General Assembly

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104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
HB4866

Introduced , by Rep. Norine K. Hammond

SYNOPSIS AS INTRODUCED:

30 ILCS 105/8g-1

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.
LRB104 15769 HLH 28958 b

A BILL FOR

HB4866
LRB104 15769 HLH 28958 b
1

AN ACT concerning finance.

2

Be it enacted by the People of the State of Illinois,
3
represented in the General Assembly:

4

Section 5.
The State Finance Act is amended by changing
5
Section 8g-1 as follows:

6

(30 ILCS 105/8g-1)
7

Sec. 8g-1.
Fund transfers.
8
June 7, 2023 ( Public Act 103-8) June 7, 2023 ( Public Act
9
103-8) July 1, 2024 ( Public Act 103-588)
10

In addition to any other transfers that may be provided
11
for by law, on July 1, 2024, or as soon thereafter as
12
practical, the State Comptroller shall direct and the State
13
Treasurer shall transfer the sum of $500,000 from the General
14
Revenue Fund to the Governor's Administrative Fund.
15

In addition to any other transfers that may be provided
16
for by law, on July 1, 2024, or as soon thereafter as
17
practical, the State Comptroller shall direct and the State
18
Treasurer shall transfer the sum of $500,000 from the General
19
Revenue Fund to the Grant Accountability and Transparency
20
Fund.
21

In addition to any other transfers that may be provided
22
for by law, on July 1, 2024, or as soon thereafter as
23
practical, the State Comptroller shall direct and the State

HB4866
- 2 -
LRB104 15769 HLH 28958 b
1
Treasurer shall transfer the sum of $25,000,000 from the
2
Violent Crime Witness Protection Program Fund to the General
3
Revenue Fund.
4

In addition to any other transfers that may be provided
5
for by law, beginning on the effective date of the changes made
6
to this Section by this amendatory Act of the 104th General
7
Assembly and until June 30, 2025, as directed by the Governor,
8
the State Comptroller shall direct and the State Treasurer
9
shall transfer up to a total of $370,000,000 from the General
10
Revenue Fund to the Fund for Illinois' Future.
11

In addition to any other transfers that may be provided
12
for by law, as soon as practical after the effective date of
13
this amendatory Act of the 104th General Assembly, the State
14
Comptroller shall direct and the State Treasurer shall
15
transfer $370,000,000 from the Fund for Illinois' Future to
16
the General Revenue Fund.

17

In addition to any other transfers that may be provided
18
for by law, on July 1, 2025, or as soon thereafter as
19
practical, the State Comptroller shall direct and the State
20
Treasurer shall transfer the sum of $500,000 from the General
21
Revenue Fund to the Governor's Administrative Fund.
22

In addition to any other transfers that may be provided
23
for by law, on July 1, 2025, or as soon thereafter as
24
practical, the State Comptroller shall direct and the State
25
Treasurer shall transfer the sum of $100,000 from the General
26
Revenue Fund to the Grant Accountability and Transparency

HB4866
- 3 -
LRB104 15769 HLH 28958 b
1
Fund.
2

In addition to any other transfers that may be provided
3
for by law, on July 1, 2025, or as soon thereafter as
4
practical, the State Comptroller shall direct and the State
5
Treasurer shall transfer the sum of $5,000,000 from the
6
General Revenue Fund to the DHS State Projects Fund.
7

In addition to any other transfers that may be provided
8
for by law, on July 1, 2025, or as soon thereafter as
9
practical, the State Comptroller shall direct and the State
10
Treasurer shall transfer the sum of $4,000,000 from the
11
Capital Projects Fund to the Capital Development Board
12
Revolving Fund.
13

In addition to any other transfers that may be provided
14
for by law, on July 1, 2025, or as soon thereafter as
15
practical, the State Comptroller shall direct and the State
16
Treasurer shall transfer the sum of $15,000,000 from the
17
Criminal Justice Information Projects Fund to the Department
18
of Human Services Community Services Fund.
19

In addition to any other transfers that may be provided
20
for by law, on July 1, 2025, or as soon thereafter as
21
practical, the State Comptroller shall direct and the State
22
Treasurer shall transfer the sum of $5,000,000 from the
23
Underground Storage Tank Fund to the Brownfields Redevelopment
24
Fund.
25

In addition to any other transfers that may be provided
26
for by law, on July 1, 2025, or as soon thereafter as

HB4866
- 4 -
LRB104 15769 HLH 28958 b
1
practical, the State Comptroller shall direct and the State
2
Treasurer shall transfer the sum of $10,000,000 from the State
3
Police Services Fund to the State Police Operations Assistance
4
Fund.
5

In addition to any other transfers that may be provided
6
for by law, on the effective date of this amendatory Act of the
7
104th General Assembly or as soon thereafter as practical, but
8
no later than June 30, 2025, the State Comptroller shall
9
direct and the State Treasurer shall transfer $200,000,000
10
from the General Revenue Fund to the Technology Management
11
Revolving Fund.
12

In addition to any other transfers that may be provided
13
for by law, on July 1, 2025, or as soon thereafter as
14
practical, the State Comptroller shall direct and the State
15
Treasurer shall transfer $3,000,000 from the Compassionate Use
16
of Medical Cannabis Fund to the Department of Human Services
17
Community Services Fund.
18

In addition to any other transfers that may be provided
19
for by law, on July 1, 2025, or as soon thereafter as
20
practical, the State Comptroller shall direct and the State
21
Treasurer shall transfer $75,000,000 from the General Revenue
22
Fund to the Tier 2 SSWB Reserve Fund.
23

In addition to any other transfers that may be provided
24
for by law, on July 1, 2025, or as soon thereafter as
25
practical, the State Comptroller shall direct and the State
26
Treasurer shall transfer $6,000,000 from the Illinois

HB4866
- 5 -
LRB104 15769 HLH 28958 b
1
Agricultural Loan Guarantee Fund to the General Revenue Fund.
2

In addition to any other transfers that may be provided
3
for by law, on July 1, 2025, or as soon thereafter as
4
practical, the State Comptroller shall direct and the State
5
Treasurer shall transfer $4,000,000 from the Illinois Farmer
6
and Agribusiness Loan Guarantee Fund to the General Revenue
7
Fund.
8

In addition to any other transfers that may be provided
9
for by law, on July 1, 2025, or as soon thereafter as
10
practical, the State Comptroller shall direct and the State
11
Treasurer shall transfer $20,000,000 from the Insurance
12
Producer Administration Fund to the General Revenue Fund.
13

In addition to any other transfers that may be provided
14
for by law, on July 1, 2025, or as soon thereafter as
15
practical, the State Comptroller shall direct and the State
16
Treasurer shall transfer the sum of $12,500,000 from the
17
Compassionate Use of Medical Cannabis Fund to the Statewide
18
9-8-8 Trust Fund. Beginning June 30, 2026, at the direction of
19
the Secretary of Human Services, the State Comptroller shall
20
direct and the State Treasurer shall transfer the sum of
21
$12,500,000 from the Statewide 9-8-8 Trust Fund to the
22
Compassionate Use of Medical Cannabis Fund.
23
(Source: P.A. 103-8, eff. 6-7-23; 103-588, eff. 6-5-24; 104-2,
24
eff. 6-16-25; 104-417, eff. 8-15-25; revised 9-10-25.)

25

Section 99.
Effective date.
This Act takes effect upon
26
becoming law.

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