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| | 99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016 HB4397 Introduced , by Rep. Jerry F. Costello, II SYNOPSIS AS INTRODUCED: |
| 30 ILCS 705/5 | from Ch. 127, par. 2305 | 105 ILCS 230/5-200 | |
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Amends the Illinois Grant Funds Recovery Act and the School Construction Law. Provides that, notwithstanding the Illinois Grant Funds Recovery Act's 2-year time limitation on grant fund expenditures, for school energy efficiency grants awarded in 2014, grant funds may be made available for expenditure by a grantee for a period of 4 years from the date the funds were distributed by the State. Provides that any school energy efficiency grant funds not expended or legally obligated by the end of the grant agreement must be returned to the grantor agency within 45 days if the funds are not already on deposit with the grantor agency or the State Treasurer, and such returned funds must be deposited into the fund from which the original grant disbursement to the grantee was made. Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | HB4397 | | LRB099 15828 NHT 40137 b |
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1 | | AN ACT concerning education.
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2 | | Be it enacted by the People of the State of Illinois,
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3 | | represented in the General Assembly:
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4 | | Section 5. The Illinois Grant Funds Recovery Act is amended |
5 | | by changing Section 5 as follows:
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6 | | (30 ILCS 705/5) (from Ch. 127, par. 2305)
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7 | | Sec. 5. Time Limit on Expenditure of Grant Funds. Subject |
8 | | to the restriction
of Section 35 of the State Finance Act "An |
9 | | Act in relation to State finance", approved June 10,
1919, as |
10 | | amended , no grant funds may be made available for expenditure |
11 | | by
a grantee for a period longer than 2 years , except where |
12 | | such grant funds
are disbursed in reimbursement of costs |
13 | | previously incurred by the grantee and except as otherwise |
14 | | provided in subsection (d) of Section 5-200 of the School |
15 | | Construction Law .
Any grant funds not expended or legally |
16 | | obligated by the end of the grant
agreement, or during the time |
17 | | limitation to grant fund expenditures set
forth in this |
18 | | Section, must be returned to the grantor agency within 45
days, |
19 | | if the funds are not already on deposit with the grantor agency |
20 | | or
the State Treasurer. Such returned funds shall be deposited |
21 | | into the fund
from which the original
grant disbursement to the |
22 | | grantee was made.
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23 | | (Source: P.A. 83-640.)
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