(225 ILCS 450/32) (from Ch. 111, par. 5537)
(Section scheduled to be repealed on January 1, 2029) Sec. 32. Fund.
All
moneys received by the
Department
of Professional
Regulation
under this Act shall be deposited into the Registered Certified
Public Accountants' Administration and Disciplinary Fund, which is hereby
created as a special fund in the State Treasury. The funds in the account
shall be used by the Department, as appropriated, exclusively
for expenses
of the Department, or the
Committee, in the
administration of this Act.
Moneys in the Registered Certified Public Accountants' Administration and
Disciplinary Fund may be invested and reinvested, with all earnings
received from the investments to be deposited into the Registered Certified
Public Accountants' Administration and Disciplinary Fund.
Moneys from the Fund may also be used for direct and allocable indirect
costs related to the public purposes of the Department of Professional
Regulation. Moneys in the Fund may be transferred to the
Professions Indirect
Cost Fund as authorized by Section 2105-300 of the Department of
Professional Regulation Law (20 ILCS 2105/2105-300).
(Source: P.A. 98-254, eff. 8-9-13 .)
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