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Illinois Compiled Statutes - Full Text
Illinois Compiled Statutes (ILCS)
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(20 ILCS 1105/11) (from Ch. 96 1/2, par. 7411)
Sec. 11.
Deposit of Illinois Industrial Coal Utilization moneys.
The Department is authorized to accept any and all grants, repayments of
interest and principal on Industrial Coal Utilization loans, matching
funds, reimbursements, appropriations, income derived from investments, or
other things of value from the federal or state governments or from any
institution, person, partnership, joint venture, or corporation, public or
private, received under the Illinois Industrial Coal Utilization Program
for deposit into the General Revenue Fund in the State treasury. Any moneys
collected as a result of foreclosures of loans or other financing
agreements, or the violation of any of their terms, under this program
shall also be deposited into the General Revenue Fund. On or as soon as
practicable after July 1, 1991, the State Comptroller and the State
Treasurer shall transfer the balance of moneys in the Illinois Industrial
Coal Utilization Fund to the General Revenue Fund.
(Source: P.A. 87-14.)
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