(30 ILCS 105/5)
(from Ch. 127, par. 141)
(a) There are special funds in the State Treasury designated as
specified in the Sections which succeed this Section 5 and precede Section 6.
(b) Except as provided in the Illinois Motor Vehicle Theft Prevention and Insurance Verification
Act, when any special fund in the State Treasury is discontinued by an Act
of the General Assembly, any balance remaining therein on the effective
date of such Act shall be transferred to the General Revenue Fund, or to
such other fund as such Act shall provide. Warrants outstanding against
such discontinued fund at the time of the transfer of any such balance
therein shall be paid out of the fund to which the transfer was made.
(c) When any special fund in the State Treasury has been inactive
for 18 months or longer, the fund is automatically terminated by operation
of law and the balance remaining in such fund shall be transferred by the
Comptroller to the General Revenue Fund. When a special fund has been
terminated by operation of law as provided in this Section, the General
Assembly shall repeal or amend all Sections of the statutes creating or
otherwise referring to that fund.
The Comptroller shall be allowed the discretion to maintain or dissolve
any federal trust fund which has been inactive for 18 months or longer.
(Source: P.A. 100-373, eff. 1-1-18