Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process.
Recent laws may not yet be included in the ILCS database, but they are found on this site as
Public
Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the
Guide.
Because the statute database is maintained primarily for legislative drafting purposes,
statutory changes are sometimes included in the statute database before they take effect.
If the source note at the end of a Section of the statutes includes a Public Act that has
not yet taken effect, the version of the law that is currently in effect may have already
been removed from the database and you should refer to that Public Act to see the changes
made to the current law.
(30 ILCS 105/6z-26)
Sec. 6z-26. The Financial Institution Fund. All moneys received by the
Department of Financial and Professional Regulation under the Safety Deposit License Act, the
Foreign Exchange License Act, the Pawners Societies Act, the Sale of Exchange
Act, the Currency Exchange Act, the Sales Finance Agency Act, the Debt Management Service Act, the Consumer Installment Loan Act, the Illinois Development Credit
Corporation Act, the Title Insurance Act, the Debt Settlement Consumer Protection Act, the Debt Management Service Consumer Protection Fund, and any other Act administered by the Department of Financial and Professional Regulation as the successor of the
Department of Financial Institutions now or in the future (unless an Act
specifically provides otherwise) shall be deposited in the Financial
Institution Fund (hereinafter "Fund"), a special fund that is hereby created in
the State Treasury.
Moneys in the Fund shall be used by the Department, subject to appropriation,
for expenses incurred in administering the above named and referenced Acts.
The Comptroller and the State Treasurer shall transfer from the General
Revenue Fund to the Fund any monies received by the Department after June 30,
1993, under any of the above named and referenced Acts that have been deposited
in the General Revenue Fund.
As soon as possible after the end of each calendar year, the Comptroller
shall compare the balance in the Fund at the end of the calendar year with the
amount appropriated from the Fund for the fiscal year beginning on July 1 of
that calendar year. If the balance in the Fund exceeds the amount
appropriated, the Comptroller and the State Treasurer shall transfer from the
Fund to the General Revenue Fund an amount equal to the difference between the
balance in the Fund and the amount appropriated.
Nothing in this Section shall be construed to prohibit appropriations from
the General Revenue Fund for expenses incurred in the administration of the
above named and referenced Acts.
Moneys in the Fund may be transferred to the Professions Indirect Cost Fund, as authorized under Section 2105-300 of the Department of Professional Regulation Law of the Civil Administrative Code of Illinois.
(Source: P.A. 96-1420, eff. 8-3-10.)
|
