Illinois General Assembly - Illinois Compiled Statutes

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 3210/4

(20 ILCS 3210/4) (from Ch. 17, par. 404)

Sec. 4.

The Foundation shall establish an endowment fund with the
monies in the Illinois Bank Examiners' Education Fund.  The income from such
Fund shall be used to pay for continuing education and professional
training activity for the examination employees of the Division of Banking whose responsibilities include the supervision and regulation of commercial banks, foreign banking offices, trust companies, and their information technology service providers and to  pay for reasonable expenses incurred by the Board in the
course of administering its official duties under this Act.  The continuing education and professional
training activity to be funded by the Foundation shall be a supplement to
the education and training expenditures regularly being made from the Bank
& Trust Company Fund for such purposes.

(Source: P.A. 96-1163, eff. 1-1-11; 96-1365, eff. 7-28-10; 97-333, eff. 8-12-11.)