SB0500 94TH GENERAL ASSEMBLY


 


 
94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
SB0500

 

Introduced 2/16/2005, by Sen. Rickey R. Hendon

 

SYNOPSIS AS INTRODUCED:
 
30 ILCS 105/6z-68 new
30 ILCS 105/5.640 new

    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. Sets forth provisions for the administration of the Fund.


LRB094 09624 RSP 39879 b

FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB0500 LRB094 09624 RSP 39879 b

1     AN ACT concerning finance.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The State Finance Act is amended by adding
5 Sections 6z-68 and 5.640 as follows:
 
6     (30 ILCS 105/6z-68 new)
7     Sec. 6z-68. Minority Film Support Fund. There is created in
8 the State Treasury the Minority Film Support Fund. The Minority
9 Film Support Fund shall be a non-appropriated fund that is held
10 by the State Treasurer separate and apart from other State
11 funds. The Fund shall be administered by the State Treasurer to
12 help collateralize loans from financial institutions to
13 minority film makers producing films in the State of Illinois
14 when those films would not otherwise meet the institutions'
15 credit standards. The Fund shall consist of all public and
16 private moneys donated or transferred to the Fund consistent
17 with the Fund's purpose. Any moneys received by the State
18 Treasurer for the Fund shall be deposited into the Fund by the
19 State Treasurer.
 
20     (30 ILCS 105/5.640 new)
21     Sec. 5.640. The Minority Film Support Fund.