Illinois Compiled Statutes
ILCS Listing
Public
Acts Search
Guide
Disclaimer
Information maintained by the Legislative
Reference Bureau
Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process.
Recent laws may not yet be included in the ILCS database, but they are found on this site as Public
Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the
Guide.
Because the statute database is maintained primarily for legislative drafting purposes,
statutory changes are sometimes included in the statute database before they take effect.
If the source note at the end of a Section of the statutes includes a Public Act that has
not yet taken effect, the version of the law that is currently in effect may have already
been removed from the database and you should refer to that Public Act to see the changes
made to the current law.
20 ILCS 605/605-420
(20 ILCS 605/605-420) (was 20 ILCS 605/46.75)
Sec. 605-420.
Workforce, Technology, and Economic Development
Fund.
(a) The Department may accept gifts, grants, awards, matching contributions,
interest income, appropriations, and cost sharings from individuals,
businesses, governments, and other third-party sources, on terms that the
Director deems advisable, for any or all of the following purposes:
(1) (Blank);
(2) to assist economically disadvantaged and other | | youth to make a successful transition from school to work;
|
|
(3) to assist other individuals targeted for services
| | through education, training, and workforce development programs to obtain employment-related skills and obtain employment;
|
|
(4) to identify, develop, commercialize, or promote
| | technology within the State; and
|
|
(5) to promote economic development within the State.
(b) The Workforce, Technology, and Economic Development Fund
is created as a special fund
in the State Treasury. On September 1, 2000,
or as soon thereafter as may be reasonably practicable,
the State Comptroller shall
transfer from the Fund into the Title III Social
Security and Employment Fund all moneys that were received for the purposes of
Section 403(a)(5) of the federal Social Security Act and remain unobligated on
that date. Beginning on the effective date of this amendatory Act of the
92nd
General Assembly, all moneys received under this Section for the
purposes of Section 403(a)(5) of the federal Social Security Act, except moneys
that may be necessary to pay liabilities outstanding as of June 30, 2000,
shall be deposited into the Title III Social Security and Employment Fund, and
all other moneys received under this Section shall be
deposited into the Workforce, Technology, and Economic
Development Fund.
Moneys received under this Section may be expended for purposes consistent
with the conditions under
which those moneys are received, subject to appropriations made by the General
Assembly for those purposes.
(Source: P.A. 91-34, eff. 7-1-99; 91-704, eff. 7-1-00; 92-298, eff. 8-9-01.)
|
|
