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HB6299 Engrossed |
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LRB096 20869 RCE 36644 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 5.756 and 6z-82 as follows:
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| (30 ILCS 105/5.756 new) |
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| Sec. 5.756. The East St. Louis Financial Advisory Authority |
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| Trust Fund.
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| (30 ILCS 105/6z-82 new) |
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| Sec. 6z-82. East St. Louis Financial Advisory Authority |
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| Trust Fund. The East St. Louis Financial Advisory Authority |
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| Trust Fund is created as a special trust fund in the State |
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| treasury. The East St. Louis Financial Advisory Authority may |
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| deposit moneys into the Fund. All income earned on moneys in |
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| the Fund shall be deposited into the Fund. The East St. Louis |
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| Financial Advisory Authority may expend moneys in the Fund for |
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| any legal expense of the Authority, including without |
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| limitation personnel costs of its employees, who shall be |
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| deemed State employees for purposes of the Illinois Pension |
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| Code and the State Employees Group Insurance Act of 1971. The |
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| Fund is not subject to appropriation.
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