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HB5286 - 104th General Assembly
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| 1 | AN ACT concerning State government. | ||||||
| 2 | Be it enacted by the People of the State of Illinois, | ||||||
| 3 | represented in the General Assembly: | ||||||
| 4 | Section 5. The Illinois Emergency Management Agency Act is | ||||||
| 5 | amended by adding Section 17.3 as follows: | ||||||
| 6 | (20 ILCS 3305/17.3 new) | ||||||
| 7 | Sec. 17.3. Federal Aid Disaster Fund. The Federal Aid | ||||||
| 8 | Disaster Fund Trust Fund is a federal trust fund in the State | ||||||
| 9 | treasury. The Trust Fund shall be held separate and apart from | ||||||
| 10 | all public moneys or funds of this State. Moneys received by | ||||||
| 11 | the Agency from a federal department or agency may be | ||||||
| 12 | deposited into the Trust Fund. Interest earned by the | ||||||
| 13 | investment or deposit of moneys accumulated in the Trust Fund | ||||||
| 14 | shall be deposited into the Trust Fund. The Agency is | ||||||
| 15 | authorized to expend any moneys in the Trust Fund for the | ||||||
| 16 | specific purposes established by the terms and conditions of | ||||||
| 17 | federal awards received by the Agency and in any amount that | ||||||
| 18 | the Agency deems necessary to make grants and pay expenses in | ||||||
| 19 | connection with its emergency management and preparedness | ||||||
| 20 | programs. | ||||||
| 21 | Section 99. Effective date. This Act takes effect upon | ||||||
| 22 | becoming law. | ||||||