Illinois General Assembly - Full Text of SB0500
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Full Text of SB0500  94th General Assembly



SB0500 Engrossed 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 or building or maintaining
14 minority film and television studios in the State of Illinois
15 when those films or studios would not otherwise meet the
16 institutions' credit standards. The Fund shall consist of all
17 public and private moneys donated or transferred to the Fund
18 consistent with the Fund's purpose. Any moneys received by the
19 State Treasurer for the Fund shall be deposited into the Fund
20 by the State Treasurer.
21     (30 ILCS 105/5.640 new)
22     Sec. 5.640. The Minority Film Support Fund.