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92_HB3203eng HB3203 Engrossed LRB9200725MWpk 1 AN ACT concerning the Department of Commerce and 2 Community Affairs. 3 Be it enacted by the People of the State of Illinois, 4 represented in the General Assembly: 5 Section 5. The Department of Commerce and Community 6 Affairs Law of the Civil Administrative Code of Illinois is 7 amended by changing Sections 605-420 and 605-510 as follows: 8 (20 ILCS 605/605-420) (was 20 ILCS 605/46.75) 9 Sec. 605-420.FederalWorkforce, Technology, and Economic 10 Development Fund. 11 (a) The Department may accept gifts, grants, awards, 12 matching contributions, interest income, appropriations, and 13 cost sharings from individuals, businesses, governments, and 14 other third-party sources, on terms that the Director deems 15 advisable, for any or all of the following purposes: 16 (1) (Blank)to assist recipients, including17recipients under the Temporary Assistance to Needy18Families (TANF) program, to obtain and retain employment19and become economically self-sufficient; 20 (2) to assist economically disadvantaged and other 21 youth to make a successful transition from school to 22 work;and23 (3) to assist other individuals targeted for 24 services through education, training, and workforce 25 development programs to obtain employment-related skills 26 and obtain employment;.27 (4) to identify, develop, commercialize, or promote 28 technology within the State; and 29 (5) to promote economic development within the 30 State. 31 (b) TheFederalWorkforce, Technology, and Economic HB3203 Engrossed -2- LRB9200725MWpk 1 Development Fund is created as a special fund in the State 2 Treasury. On September 1, 2000, or as soon thereafter as may 3 be reasonably practicable, the State Comptroller shall 4 transfer from theFederal Workforce DevelopmentFund into the 5 Title III Social Security and Employment Fund all moneys that 6 were received for the purposes of Section 403(a)(5) of the 7 federal Social Security Act and remain unobligated on that 8 date. Beginning on the effective date of this amendatory Act 9 of the 92nd91stGeneral Assembly, all moneys received under 10 this Section for the purposes of Section 403(a)(5) of the 11 federal Social Security Act, except moneys that may be 12 necessary to pay liabilities outstanding as of June 30, 2000, 13 shall be deposited into the Title III Social Security and 14 Employment Fund, and all other moneys received under this 15 Section shall be deposited into theFederalWorkforce, 16 Technology, and Economic Development Fund. 17 Moneys received under this Section may be expended for 18 purposes consistent with the conditions under which those 19 moneys are received, subject to appropriations made by the 20 General Assembly for those purposes. 21 (Source: P.A. 91-34, eff. 7-1-99; 91-704, eff. 7-1-00.) 22 (20 ILCS 605/605-510) (was 20 ILCS 605/46.19h) 23 Sec. 605-510. Study of laws affecting small business. To 24 study the effect of laws affecting small business to 25 determine whether those laws impede the creation of small 26 businesses or create economic damages for any small business 27 group that may jeopardize the small business group's 28 continuation in the marketplace or its valuable contribution 29 to the economic growth of this State. The study mayshallbe 30 conducted in cooperation with the department or agency 31 administering the law whose effect is the subject of the 32 study. A general study of the laws affecting the creation of 33 small businesses in this State mayshallbe undertaken by the HB3203 Engrossed -3- LRB9200725MWpk 1 Department and the resultsshall bereported to the Governor 2 and the General Assemblyby January 1, 1996. 3 An economic impact review mayshallbe made at least 4 every 2 years, and pertinent information shall be gathered 5 from the business segment affected to determine whether the 6 laws need amendment to relieve business losses while 7 retaining the substance of the legislation, or whether the 8 original purpose has been accomplished and the laws should be 9 repealed. The review shall be reported to the Governor, the 10 General Assembly, and the administrating State agency, as 11 well as to the business associations most directly 12 representing the business group involved. 13 The Director mayshallappoint a task force to assist the 14 Department in conducting the studies and reviews required 15 under this Section. The task force willshallconsist of 16 persons representing small business and persons representing 17 the affected State departments and agencies. Members of the 18 task force shall serve without compensation but may be 19 reimbursed for necessary expenses in connection with their 20 duties out of money available to the Department for that 21 purpose. 22 (Source: P.A. 91-239, eff. 1-1-00.) 23 Section 10. The State Finance Act is amended by 24 renumbering and changing Section 5.490, added by Public Act 25 91-34, as follows: 26 (30 ILCS 105/5.493) 27 Sec. 5.493.5.490.TheFederalWorkforce, Technology, 28 and Economic Development Fund. 29 (Source: P.A. 91-34, eff. 7-1-99; revised 11-12-99.) 30 (30 ILCS 105/5.203 rep.) 31 Section 15. The State Finance Act is amended by HB3203 Engrossed -4- LRB9200725MWpk 1 repealing Section 5.203. 2 (30 ILCS 130/Act rep.) 3 Section 20. The Exxon Overcharge Fund Act is repealed. 4 (305 ILCS 45/Act rep.) 5 Section 25. The Work Opportunity and Earnfare Act is 6 repealed. 7 Section 99. Effective date. This Act takes effect upon 8 becoming law.