(20 ILCS 2605/2605-407) Sec. 2605-407. Illinois State Police Federal Projects Fund. (a) The Illinois State Police Federal Projects Fund is established as a federal trust fund in the State treasury. This federal Trust Fund is established to receive funds awarded to the Illinois State Police from the following: (i) all federal departments and agencies for the specific purposes established by the terms and conditions of the federal awards and (ii) federal pass-through grants from State departments and agencies for the specific purposes established by the terms and conditions of the grant agreements. Any interest earnings that are attributable to moneys in the federal trust fund must be deposited into the Fund.
(b) In addition to any other transfers that may be provided for by law, on July 1, 2023, or as soon thereafter as practical, the State Comptroller shall direct and the State Treasurer shall transfer the sum of $2,000,000 from the State Police Services Fund to the Illinois State Police Federal Projects Fund. (Source: P.A. 102-538, eff. 8-20-21; 103-8, eff. 6-7-23.) |