(20 ILCS 605/605-807)
Sec. 605-807.
Federal Workforce Training Fund.
(a) The Federal Workforce Training Fund is created as a special fund in the
State
treasury. The Department may accept gifts, grants, awards, matching
contributions,
interest income, appropriations, and cost sharings from individuals,
businesses,
governments, and other third party sources, on terms that the Director deems
advisable.
Moneys received under this Section may be expended for purposes consistent with
the
conditions under which those moneys are received, subject to appropriations
made by the
General Assembly for those purposes.
(b) Beginning on the effective date of this amendatory Act of the 93rd
General
Assembly, all moneys received by the State pursuant to the federal Workforce
Investment
Act or Section 403(a)(5) of the federal Social Security Act shall be deposited into the
Federal Workforce Training Fund, to be used for purposes consistent with the conditions
under which those moneys are received by the State, except that any moneys received
pursuant to the federal Workforce Investment Act and necessary to pay
liabilities
incurred in connection with that Act and outstanding as of June 30, 2003, or
any moneys
received pursuant to Section 403(a)(5) of the federal Social Security Act and
necessary to
pay liabilities incurred in connection with that Act and outstanding as of June
30, 2003,
shall be deposited into the Title III Social Security and Employment Fund.
On September 1, 2003, or as soon thereafter as may be reasonably practical,
the
State Comptroller shall transfer all unobligated moneys received by the State
pursuant to
the federal Workforce Investment Act or Section 403(a)(5) of the federal Social
Security
Act from the Title III Social Security and Employment Fund to the Federal
Workforce
Training Fund. The moneys transferred pursuant to this Amendatory Act of the
93rd
General Assembly may be used or expended for purposes consistent with the
conditions
under which those moneys were received by the State.
(c) Beginning on the effective date of this amendatory Act of the 93rd
General
Assembly, all moneys received by the State pursuant to the federal Illinois
Trade
Adjustment Assistance Program shall be deposited into the Federal Workforce
Training
Fund, to be used for purposes consistent with the conditions under which those
moneys
are received by the State, except that any moneys received pursuant to the
federal Illinois
Trade Adjustment Assistance Program and necessary to pay liabilities incurred
in
connection with that program and outstanding as of June 30, 2003, shall be
deposited into
the Title III Social Security and Employment Fund.
On July 1, 2003 or as soon thereafter as may be reasonably practical, the
State
Comptroller shall make one or more transfers of all moneys received by the
State
pursuant to the federal Illinois Trade Adjustment Assistance Program in excess
of those
necessary to pay liabilities in connection with that program and outstanding as
of June
30, 2003 from the Title III Social Security and Employment Fund to the Federal
Workforce Training Fund. The moneys transferred pursuant to this amendatory Act
of
the 93rd General Assembly may be used or expended for purposes consistent with
the
conditions under which those moneys were received by the State.
(Source: P.A. 93-25, eff. 6-20-03.)
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