(20 ILCS 3990/13)
(from Ch. 48, par. 2613)
The Illinois Manufacturing Technology Alliance Fund is
hereby created in the State Treasury and the Alliance Fund is hereby created
outside the State Treasury. Monies appropriated by the General Assembly shall
be held in the Illinois Manufacturing Technology Alliance Fund unless the Act
making the appropriation specifically states that the monies are appropriated
to the Alliance Fund. Monies received by the Alliance from an Alliance Partner
shall be held in the Alliance Fund unless the terms of the contribution made by
the Alliance Partner specifically states that the monies are to be deposited in
the Illinois Manufacturing Technology Alliance Fund.
Monies held in the Alliance Fund may be disbursed from the Alliance Fund
without appropriation by the General Assembly; however, use of the monies
in the Alliance Fund may be limited by the terms and conditions set forth
by the State or the Alliance Partner at the time such monies are conveyed to
the Alliance, including any terms and conditions requiring that monies
remaining in the Alliance Fund after a specified date be returned to the source
of such monies.
All monies held in the Funds shall be available generally for expenditure
by the Alliance for any purposes authorized by this Act. Monies held in
the Alliance Fund may be invested pursuant to the provisions of "An Act
relating to certain investments of public funds by public agencies",
approved July 23, 1943, as amended.
(Source: P.A. 86-1015