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90_HB2223eng 20 ILCS 1805/56-1 from Ch. 129, par. 220.56-1 Amends the Military Code of Illinois. Provides that any moneys in the Federal Support Agreement Revolving Fund that are appropriated to pay for weekly allowances for students in the Lincoln's Challenge Program may be deposited by the Department of Military Affairs into a savings and loan association or State or national bank in this State. Provides that those moneys shall be managed by the Department of Military Affairs in accordance with certain laws, rules, and regulations. Effective immediately. LRB9003715KDks HB2223 Engrossed LRB9003715KDks 1 AN ACT to amend the Military Code of Illinois by changing 2 Section 56-1. 3 Be it enacted by the People of the State of Illinois, 4 represented in the General Assembly: 5 Section 5. The Military Code of Illinois is amended by 6 changing Section 56-1 as follows: 7 (20 ILCS 1805/56-1) (from Ch. 129, par. 220.56-1) 8 Sec. 56-1. Federal Support Agreement Revolving Fund; 9 payment; use. The Federal Support Agreement Revolving Fund 10 shall be initially financed by an appropriation from the 11 General Revenue Fund to the Federal Support Agreement 12 Revolving Fund. Thereafter, all monies received from the 13 federal government that are necessary for the reimbursement 14 of salaries paid to employees hired in reimbursed positions, 15 for facility operations or other programs as provided under 16 the terms of the Federal Support Agreement between the 17 Department of Military Affairs and the United States Property 18 and Fiscal Officer for Illinois shall be paid into the 19 Federal Support Agreement Revolving Fund. The money in this 20 fund shall be used by the Department of Military Affairs only 21 for those expenses necessary to meet all of the terms and 22 obligations of the Federal Support Agreement. All moneys 23 expended by the Department of Military Affairs from this Fund 24 shall be appropriated by the General Assembly. Furthermore, 25 any moneys that are appropriated to pay for weekly allowances 26 for students in the Lincoln's Challenge Program may be 27 deposited by the Department of Military Affairs into a 28 savings and loan association or State or national bank in 29 this State. Such funds shall be managed by the Department of 30 Military Affairs in the manner provided by the laws of this 31 State, applicable rules and regulations based thereon, and HB2223 Engrossed -2- LRB9003715KDks 1 applicable federal requirements governing the use of such 2 funds. 3 (Source: P.A. 87-860; 88-183.) 4 Section 99. Effective date. This Act takes effect upon 5 becoming law.