92nd General Assembly
Summary of HB1886
   [ Home ]   [ Back ]   [ Legislation ]
Legislation:  
Please enter a bill number.



 Full Text  Bill Status
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