Synopsis As Introduced Creates the Community Senior Services and Resources Act and amends the State Finance Act. Provides for grants to be awarded by the Department on Aging to local community senior services and resource centers. Provides for a Community Senior Services and Resource Center Advisory Committee, with 12 voting members appointed by the Governor, to advise the Department on Aging on the administration of the Act. Creates the Community Senior Services and Resources Fund as a special fund in the State treasury, to be used by the Department on Aging for grant awards and for administering the Community Senior Services and Resources Act. Effective immediately.
Removes certain legislative findings concerning community senior services and resource centers. Provides that a community senior services and resource center's grant application must provide documentation that funds were requested from other sources and must include letters of support for the awarding of the grant, from various sources. Adds 2 members who are directors of Area Agencies on Aging to the Advisory Committee. Amends the Deposit of State Moneys Act; provides that the State Treasurer may accept an investment proposal from a financial institution that provides for a reduced rate of interest, provided that the institution agrees to expend an amount of money equal to the amount of the reduction for senior centers. Amends the Public Funds Investment Act; provides that the treasurer of a unit of local government may deposit public moneys of that unit of local government in a financial institution pursuant to an agreement that provides for a reduced rate of interest, provided that the institution agrees to expend an amount of money equal to the amount of the reduction for senior centers. Amends the Consumer Fraud and Deceptive Business Practices Act; requires the State Treasurer to deposit moneys into the Elderly Victim Fund monthly; also provides that moneys deposited into the Fund shall be appropriated to the Department on Aging for grants to senior centers in Illinois (instead of to the Attorney General for various purposes concerning persons age 65 or older).