HB5289eng 96TH GENERAL ASSEMBLY

HB5289 Engrossed LRB096 16711 HLH 32001 b

AN ACT concerning finance.

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

Section 5. The State Finance Act is amended by adding Sections 5.756 and 6z-82 as follows:

(30 ILCS 105/5.756 new)

Sec. 5.756. The Public Library Support Fund.

(30 ILCS 105/6z-82 new)

Sec. 6z-82. Public Library Support Fund; creation. The Public Library Support Fund is created as a special fund in the State treasury. Within 30 days after the first day of each State fiscal year, the Secretary of State shall calculate an amount equal to $20 multiplied by the number of residents of each public library district in the State in which at least 30% of the residents report a household income at or below the federal poverty level. The Secretary of State shall certify the calculated amount to the State Comptroller and direct the State Comptroller to transfer the amount from the General Revenue Fund to the Public Library Support Fund. Subject to appropriation, the Secretary of State shall use moneys in the Public Library Support Fund to make grants to those public library districts. No public library district may receive more than $20 per resident of that public library district from the Fund in any State fiscal year. Any interest earned on moneys in the Public Library Support Fund shall be deposited into the Fund.

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