|Public Act 097-0274|
|HB3377 Enrolled||LRB097 10467 PJG 50711 b|
AN ACT concerning finance.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
The Charitable Trust Stabilization Act is
amended by changing Sections 5 and 10 as follows:
(30 ILCS 790/5)
The Charitable Trust Stabilization Fund.
(a) The Charitable Trust Stabilization Fund is created as a
special fund in the State treasury. From appropriations from
upon recommendation from
the Charitable Trust
, the State Treasurer may
grants to public and private entities in the State for the
purposes set forth under subsection (b).
shall be given to public and private entities with operating
budgets of less than $1,000,000 that are located within a
depressed area, as defined under Section 3 of the Illinois
Enterprise Zone Act, and preferences for recommending grants to
the State Treasurer may be given to these entities by the
Moneys received for the purposes of this Section,
including, without limitation, fees collected under subsection
(m) of Section 115.10 of the General Not For Profit Corporation
Act of 1986 and appropriations, gifts, grants, and awards from
any public or private entity, must be deposited into the Fund.