(30 ILCS 105/6b-2)
(from Ch. 127, par. 142b2)
The Department of Agriculture is authorized to establish
and maintain a "Working Cash Account" to receive moneys obtained from the
sale of pari-mutuel wagering tickets and to disburse moneys from such account
as provided in this Section. The Department shall appoint a custodian who will
be responsible for the "Working Cash Account" and who shall be bonded by
a $100,000 penal bond made payable to the people of the State of
Illinois, and shall establish accounting and reconciliation procedures
to assure the safeguarding of these moneys.
Moneys in the Department of Agriculture's "Working Cash Account" shall be
used only for the purposes of providing change for ticket windows,
paying winning tickets, establishing the winning ticket reserve and
purse fund as required by the "Illinois Racing Board", paying race purses,
and paying Federal and State taxes in relation thereto. That
portion of the income received
not expended for uses as authorized shall within 10 days after receipt
be paid into the Agricultural Premium Fund.
The Governor may request at the recommendation of the custodian of
the "Working Cash Account" an amount of money not to exceed $50,000 be
transferred from the Agricultural Premium Fund to the "Working Cash
Account", to provide change for ticket windows, such transfer to be made
within 30 days prior to a racing meet. The custodian shall within 2
working days after the close of a racing meet transfer the money used
for change back to the Agricultural Premium Fund. The Department
of Agriculture is authorized to pay from the Agricultural Premium Fund
the annual license fee, the daily race fee, and other expenses such as
track security, stewards, investigators and such other fees as required by
the Illinois Racing Board connected with the holding of a racing meet.
The Auditor General shall audit or cause to be audited the above
items of income and expenditures.
(Source: P.A. 84-1308.)