House Sponsors: HAMOS-WOJCIK-SAVIANO-MENDOZA-PERSICO, DURKIN, LEITCH, DART, BOLAND, O'CONNOR, GARRETT, LYONS,EILEEN, YARBROUGH, MCGUIRE, LINDNER, SLONE AND MATHIAS. Senate Sponsors: SILVERSTEIN-MADIGAN,L-RONEN-LINK-JONES,W Short description: KIDS SHARE ENDOWMENT AUTHORITY Synopsis of Bill as introduced: Creates the Kids Share Endowment Act. Creates the Kids Share Endownment Authority and Program. Establishes a Board of Directors of the Kids Share Endowment Authority, specifying the membership, powers, and duties of that Board. Provides that local community collaborations may apply for Program Grants for specified purposes. Specifies guidelines for the expenditure of these grant moneys. Establishes the Kids Share Endowment Program Fund as a special fund in the State Treasury. Directs the State Comptroller and the State Treasurer to transfer 1/3 of the Tobacco Settlement Recovery Fund deposits in fiscal year 2002 and 2003 into the Kids Share Endowment Program Fund. Includes other provisions. Amends the State Finance Act. Creates the Kids Share Endowment Program Fund as a special fund in the State Treasury. Provides for the transfer of money from the Tobacco Settlement Recovery Fund into the Kids Share Endowment Program Fund. Effective immediately. HOUSE AMENDMENT NO. 1. Provides that the Attorney General of the State of Illinois shall also serve as an ex officio member on the Board of Directors of the Kids Share Endowment Authority and adds one additional member to be appointed by the Governor. Provides that 1/3 of the Tobacco Settlement Recovery Fund deposits deposited in fiscal years 2003 and 2004 shall be transferred into the Kids Share Endowment Program Fund (instead of only in fiscal year 2003). HOUSE AMENDMENT NO. 3. Adds the Attorney General as an ex officio member of the Kids Share Endowment Authority. Adds 4 members of the General Assembly to the Authority to be appointed by the Governor as follows: 2 Senators who are not of the same political party and 2 Representatives who are not of the same political party. The additional members shall serve during their legislative terms. Increases a quorum from 8 to 11. Provides for a transfer of $50,000,000 each fiscal year for 6 years from the Tobacco Settlement Recovery Fund to the Kids Share Endowment Program Fund (rather than 1/3 of all deposits for 2 fiscal years). Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 2 SENATE - 0 END OF INQUIRY Full Text Bill Status