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95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
SB0182
Introduced 1/31/2007, by Sen. Rickey R. Hendon SYNOPSIS AS INTRODUCED:
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30 ILCS 105/5.675 new |
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30 ILCS 105/6z-69 new |
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Amends the State Finance Act. Creates a non-appropriated Fund, the Minority Film Support Fund, to be administered by the State Treasurer to help collateralize loans from financial institutions to minority film makers producing films or building or maintaining minority film and television studios when the institution's credit standards would not otherwise be met.
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| FISCAL NOTE ACT MAY APPLY | |
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A BILL FOR
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SB0182 |
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LRB095 05337 RCE 25420 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-69 and 5.675 as follows:
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| (30 ILCS 105/5.675 new)
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| Sec. 5.675. The Minority Film Support Fund.
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| (30 ILCS 105/6z-69 new) |
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| Sec. 6z-69. 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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