Public Act 93-0153

SB1375 Enrolled                      LRB093 10914 NHT 11562 b

    AN ACT concerning higher education.

    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
Section 5.596 as follows:

    (30 ILCS 105/5.596 new)
    Sec. 5.596. ICCB Federal Trust Fund.

    Section 10. The Public Community College Act  is  amended
by adding Section 2-16.08 as follows:

    (110 ILCS 805/2-16.08 new)
    Sec.  2-16.08.  ICCB Federal Trust Fund. The ICCB Federal
Trust Fund  is  created  as  a  special  fund  in  the  State
treasury.  Money  recovered from federal programs for general
administration that are received by the State Board shall  be
deposited  into the ICCB Federal Trust Fund. All money in the
ICCB  Federal  Trust  Fund  shall   be   used,   subject   to
appropriation by the General Assembly, by the State Board for
the ordinary and contingent expenses of the State Board.

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