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92_HB3203
LRB9200725MWpk
1 AN ACT concerning development.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Department of Commerce and Community
5 Affairs Law of the Civil Administrative Code of Illinois is
6 amended by changing Section 605-420 as follows:
7 (20 ILCS 605/605-420) (was 20 ILCS 605/46.75)
8 Sec. 605-420. Federal Workforce, Technology, and Economic
9 Development Fund.
10 (a) The Department may accept gifts, grants, awards,
11 matching contributions, interest income, appropriations, and
12 cost sharings from individuals, businesses, governments, and
13 other third-party sources, on terms that the Director deems
14 advisable, for any or all of the following purposes:
15 (1) (Blank) to assist recipients, including
16 recipients under the Temporary Assistance to Needy
17 Families (TANF) program, to obtain and retain employment
18 and become economically self-sufficient;
19 (2) to assist economically disadvantaged and other
20 youth to make a successful transition from school to
21 work; and
22 (3) to assist other individuals targeted for
23 services through education, training, and workforce
24 development programs to obtain employment-related skills
25 and obtain employment;.
26 (4) to identify, develop, commercialize, or promote
27 technology within the State; and
28 (5) to promote economic development within the
29 State.
30 (b) The Federal Workforce, Technology, and Economic
31 Development Fund is created as a special fund in the State
-2- LRB9200725MWpk
1 Treasury. On September 1, 2000, or as soon thereafter as may
2 be reasonably practicable, the State Comptroller shall
3 transfer from the Federal Workforce Development Fund into the
4 Title III Social Security and Employment Fund all moneys that
5 were received for the purposes of Section 403(a)(5) of the
6 federal Social Security Act and remain unobligated on that
7 date. Beginning on the effective date of this amendatory Act
8 of the 92nd 91st General Assembly, all moneys received under
9 this Section for the purposes of Section 403(a)(5) of the
10 federal Social Security Act, except moneys that may be
11 necessary to pay liabilities outstanding as of June 30, 2000,
12 shall be deposited into the Title III Social Security and
13 Employment Fund, and all other moneys received under this
14 Section shall be deposited into the Federal Workforce,
15 Technology, and Economic Development Fund.
16 Moneys received under this Section may be expended for
17 purposes consistent with the conditions under which those
18 moneys are received, subject to appropriations made by the
19 General Assembly for those purposes.
20 (Source: P.A. 91-34, eff. 7-1-99; 91-704, eff. 7-1-00.)
21 Section 10. The State Finance Act is amended by
22 renumbering and changing Section 5.490, added by Public Act
23 91-34, as follows:
24 (30 ILCS 105/5.493)
25 Sec. 5.493. 5.490. The Federal Workforce, Technology,
26 and Economic Development Fund.
27 (Source: P.A. 91-34, eff. 7-1-99; revised 11-12-99.)
28 Section 99. Effective date. This Act takes effect upon
29 becoming law.