Illinois General Assembly - Illinois Compiled Statutes

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240 ILCS 40/30-25

(240 ILCS 40/30-25)

Sec. 30-25. Grain Insurance Reserve Fund.

Upon payment in full of all
money that has been transferred to the Fund prior to June 30, 2003 from the
General Revenue Fund as provided for under subsection (h) of Section 25-20, the
State of Illinois shall, subject to appropriation, remit $2,000,000 to the Corporation to be held in a
separate and discrete account to be used to the extent the assets in the Fund
are insufficient to satisfy claimants as payment of their claims become due as
set forth in subsection (h) of Section 25-20. The remittance of the $2,000,000
reserve shall be made to the Corporation within 60 days of payment in full of
all money transferred to the Fund as set forth above in this Section
30-25. All income received by the Reserve Fund shall be deposited in the Fund
within 35 days of the end of each calendar quarter.

(Source: P.A. 102-1071, eff. 6-10-22.)