093_SB0484
LRB093 08646 NHT 08874 b
1 AN ACT concerning schools.
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 changing
5 Section 5.506 as follows:
6 (30 ILCS 105/5.506)
7 (Section scheduled to be repealed on July 16, 2003)
8 Sec. 5.506. The Private Business and Vocational Schools
9 Fund. This Section is repealed 8 4 years after the effective
10 date of this amendatory Act of the 91st General Assembly.
11 (Source: P.A. 91-143, eff. 7-16-99; 92-16, eff. 6-28-01.)
12 Section 10. The Private Business and Vocational Schools
13 Act is amended by changing Section 11.5 as follows:
14 (105 ILCS 425/11.5)
15 (Section scheduled to be repealed on July 16, 2003)
16 Sec. 11.5. Private Business and Vocational Schools Fund.
17 The Private Business and Vocational Schools Fund is created
18 as a special fund in the State treasury. All moneys received
19 by the Superintendent from application and renewal fees under
20 Sections 10 and 11 of this Act shall be deposited into this
21 Fund. Moneys in this Fund shall be used, subject to
22 appropriation by the General Assembly, by the Board, with the
23 advice and recommendation of the Superintendent, to provide
24 technology, equipment, staff, professional development, and
25 other resources necessary to support records management and
26 other projects in administering this Act. The State Board
27 may expend moneys in this Fund in such amounts and at such
28 times as it deems necessary or desirable for the purposes of
29 this Act. This Section is repealed 8 4 years after the
-2- LRB093 08646 NHT 08874 b
1 effective date of this amendatory Act of the 91st General
2 Assembly.
3 (Source: P.A. 91-143, eff. 7-16-99.)
4 Section 99. Effective date. This Act takes effect on
5 July 15, 2003.