HB5289 Engrossed LRB096 16711 HLH 32001 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 adding
5 Sections 5.756 and 6z-82 as follows:
 
6     (30 ILCS 105/5.756 new)
7     Sec. 5.756. The Public Library Support Fund.
 
8     (30 ILCS 105/6z-82 new)
9     Sec. 6z-82. Public Library Support Fund; creation. The
10 Public Library Support Fund is created as a special fund in the
11 State treasury. Within 30 days after the first day of each
12 State fiscal year, the Secretary of State shall calculate an
13 amount equal to $20 multiplied by the number of residents of
14 each public library district in the State in which at least 30%
15 of the residents report a household income at or below the
16 federal poverty level. The Secretary of State shall certify the
17 calculated amount to the State Comptroller and direct the State
18 Comptroller to transfer the amount from the General Revenue
19 Fund to the Public Library Support Fund. Subject to
20 appropriation, the Secretary of State shall use moneys in the
21 Public Library Support Fund to make grants to those public
22 library districts. No public library district may receive more

 

 

HB5289 Engrossed - 2 - LRB096 16711 HLH 32001 b

1 than $20 per resident of that public library district from the
2 Fund in any State fiscal year. Any interest earned on moneys in
3 the Public Library Support Fund shall be deposited into the
4 Fund.
 
5     Section 99. Effective date. This Act takes effect upon
6 becoming law.