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91_SB0389 LRB9100726NTsbA 1 AN ACT concerning education, amending named Acts. 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 Sections 5.490, 5.491, and 5.492 as follows: 6 (30 ILCS 105/5.490 new) 7 Sec. 5.490. The State Board of Education Fund. This 8 Section is repealed 4 years after the effective date of this 9 amendatory Act of the 91st General Assembly. 10 (30 ILCS 105/5.491 new) 11 Sec. 5.491. The State Board of Education Special Purpose 12 Trust Fund. This Section is repealed 4 years after the 13 effective date of this amendatory Act of the 91st General 14 Assembly. 15 (30 ILCS 105/5.492 new) 16 Sec. 5.492. The Private Business and Vocational Schools 17 Fund. This Section is repealed 4 years after the effective 18 date of this amendatory Act of the 91st General Assembly. 19 Section 10. The School Code is amended by adding 20 Sections 2-3.126 and 2-3.127 as follows: 21 (105 ILCS 5/2-3.126 new) 22 Sec. 2-3.126. State Board of Education Fund. The State 23 Board of Education Fund is created as a special fund in the 24 State treasury. Unless specifically directed to be deposited 25 into any other funds or into the General Revenue Fund, all 26 moneys received by the State Board of Education in connection 27 with any fees, registration amounts, or other moneys -2- LRB9100726NTsbA 1 collected by the State Board of Education for various 2 purposes shall be deposited into this Fund. Moneys in this 3 Fund shall be used, subject to appropriation, by the State 4 Board of Education for expenses incurred in administering 5 programs, initiatives, and activities implemented or 6 supported by the State Board of Education as authorized by 7 statute or rule. The State Board of Education may expend 8 moneys in this Fund in such amounts and at such times as it 9 deems necessary or desirable, including for payment of 10 administrative costs, staff services, and costs for other 11 lawful purposes. Moneys in this Fund shall be used together 12 with and supplemental to regular appropriations to the State 13 Board of Education for any purpose, and nothing in this 14 Section shall be construed to prohibit appropriations from 15 the General Revenue Fund for expenses incurred in the 16 administration of programs, initiatives, or activities 17 implemented or supported by the State Board of Education. 18 This Section is repealed 4 years after the effective date of 19 this amendatory Act of the 91st General Assembly. 20 (105 ILCS 5/2-3.127 new) 21 Sec. 2-3.127. State Board of Education Special Purpose 22 Trust Fund. The State Board of Education Special Purpose 23 Trust Fund is created as a special fund in the State 24 treasury. Unless specifically directed to be deposited into 25 other funds, all moneys received by the State Board of 26 Education from federal aid and grants and from gifts and 27 grants from any source, public or private, shall be deposited 28 into this Fund. Moneys in this Fund shall be used, subject 29 to appropriation, by the State Board of Education for the 30 purposes established by the federal aid or grants or other 31 gifts or grants. This Section is repealed 4 years after the 32 effective date of this amendatory Act of the 91st General 33 Assembly. -3- LRB9100726NTsbA 1 Section 15. The Private Business and Vocational Schools 2 Act is amended by adding Section 11.5 as follows: 3 (105 ILCS 425/11.5 new) 4 Sec. 11.5. Private Business and Vocational Schools Fund. 5 The Private Business and Vocational Schools Fund is created 6 as a special fund in the State treasury. All moneys received 7 by the Superintendent from application and renewal fees under 8 Sections 10 and 11 of this Act shall be deposited into this 9 Fund. Moneys in this Fund shall be used, subject to 10 appropriation, by the Board, with the advice and 11 recommendation of the Superintendent, to provide technology, 12 equipment, staff, professional development, and other 13 resources necessary to support records management and other 14 projects in administering this Act. The State Board may 15 expend moneys in this Fund in such amounts and at such times 16 as it deems necessary or desirable for the purposes of this 17 Act. This Section is repealed 4 years after the effective 18 date of this amendatory Act of the 91st General Assembly. 19 Section 99. Effective date. This Act takes effect upon 20 becoming law.