Illinois General Assembly - Bill Status for HB5791
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 Bill Status of HB5791  99th General Assembly


Short Description:  GRANT AWARD INTEREST DEPOSIT

House Sponsors
Rep. Margo McDermed

Last Action
DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 708/47 new


Synopsis As Introduced
Amends the Grant Accountability and Transparency Act. Requires a recipient of a State grant award of $100,000 or more to deposit the funds into an interest bearing account. Provides that the interest earned is to be considered State funds. Authorizes the grant recipient to retain up to $250 per year from the interest proceeds to offset fees imposed upon the deposit.

Actions 
DateChamber Action
  2/11/2016HouseFiled with the Clerk by Rep. Margo McDermed
  2/11/2016HouseFirst Reading
  2/11/2016HouseReferred to Rules Committee
  1/10/2017HouseSession Sine Die

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