CARROLL. 30 ILCS 105/6z-42 new Amends the State Finance Act. Creates the Excess Federal Grant Distributive Fund as a special fund outside of the State treasury. Provides that the Treasurer shall, ex officio, be custodian of the Fund. Provides that all excess federal grant moneys shall be deposited into the Fund. Defines "excess federal grant moneys" as those funds received by the State from a federal agency for grant or loan programs administered by any State department or agency and by units of local government when (1) the funds have not been appropriated and (2) there is a law, regulation, or intergovernmental agreement specifying how the funds shall be allocated to the units of local government that administer the program at the local level. Provides that the State department or agency shall certify to the Treasurer the disbursement of the stated sums of money to the named unit of local government each month. Provides that the State agency or department shall, within 10 days of certification, issue to the unit of local government a statement indicating the additional amounts that will be available as a result of the certification. Effective immediately. 97-02-07 S FIRST READING 97-02-07 S REFERRED TO SENATE RULES COMMITTEE RULES 97-02-19 S ASSIGNED TO COMMITTEE EXECUTIVE 97-02-28 S TO SUBCOMMITTEE 97-02-28 S COMMITTEE EXECUTIVE 97-03-15 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES 99-01-12 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary