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SB0500 Engrossed |
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LRB094 09624 RSP 39879 b |
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| AN ACT concerning finance.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The State Finance Act is amended by adding |
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| Sections 6z-68 and 5.640 as follows:
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| (30 ILCS 105/6z-68 new) |
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| Sec. 6z-68. Minority Film Support Fund. There is created in |
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| the State Treasury the Minority Film Support Fund. The Minority |
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| Film Support Fund shall be a non-appropriated fund that is held |
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| by the State Treasurer separate and apart from other State |
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| funds. The Fund shall be administered by the State Treasurer to |
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| help collateralize loans from financial institutions to |
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| minority film makers producing films or building or maintaining |
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| minority film and television studios in the State of Illinois |
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| when those films or studios would not otherwise meet the |
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| institutions' credit standards. The Fund shall consist of all |
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| public and private moneys donated or transferred to the Fund |
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| consistent with the Fund's purpose. Any moneys received by the |
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| State Treasurer for the Fund shall be deposited into the Fund |
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| by the State Treasurer.
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| (30 ILCS 105/5.640 new)
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| Sec. 5.640. The Minority Film Support Fund.
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