093_SB1375enr

 
SB1375 Enrolled                      LRB093 10914 NHT 11562 b

 1        AN ACT concerning higher education.

 2        Be it enacted by the People of  the  State  of  Illinois,
 3    represented in the General Assembly:

 4        Section  5.  The  State  Finance Act is amended by adding
 5    Section 5.596 as follows:

 6        (30 ILCS 105/5.596 new)
 7        Sec. 5.596. ICCB Federal Trust Fund.

 8        Section 10. The Public Community College Act  is  amended
 9    by adding Section 2-16.08 as follows:

10        (110 ILCS 805/2-16.08 new)
11        Sec.  2-16.08.  ICCB Federal Trust Fund. The ICCB Federal
12    Trust Fund  is  created  as  a  special  fund  in  the  State
13    treasury.  Money  recovered from federal programs for general
14    administration that are received by the State Board shall  be
15    deposited  into the ICCB Federal Trust Fund. All money in the
16    ICCB  Federal  Trust  Fund  shall   be   used,   subject   to
17    appropriation by the General Assembly, by the State Board for
18    the ordinary and contingent expenses of the State Board.

19        Section  99.  Effective  date. This Act takes effect upon
20    becoming law.