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30 ILCS 105/6z-47
(30 ILCS 105/6z-47)
Sec. 6z-47.
Fund for Illinois' Future.
(a) The Fund for Illinois' Future is hereby created as a special fund
in the State Treasury.
(b) Upon the effective date of this amendatory Act of the 91st General
Assembly, or as soon as possible thereafter, the Comptroller shall order
transferred and the Treasurer shall transfer $260,000,000 from the General
Revenue Fund to the Fund for Illinois' Future.
On July 15, 2000, or as soon as possible thereafter, the Comptroller shall
order transferred and the Treasurer shall transfer $260,000,000 from the
General Revenue Fund to the Fund for Illinois' Future.
Revenues in the Fund for Illinois' Future shall include any other funds
appropriated or transferred into the Fund.
(c) Moneys in the Fund for Illinois' Future may be appropriated for
the making of grants and expenditures for planning, engineering,
acquisition, construction, reconstruction, development, improvement, and
extension of public infrastructure in the State of Illinois, including grants
to local governments for public infrastructure, grants to public elementary and
secondary school districts for public infrastructure, grants to universities,
colleges, community colleges,
and non-profit corporations for public infrastructure, and expenditures for
public infrastructure of the State and other related purposes, including but
not limited to expenditures for equipment, vehicles, community programs, and
recreational facilities.
(Source: P.A. 91-38, eff. 6-15-99.)
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