(225 ILCS 100/19) (from Ch. 111, par. 4819)
(Section scheduled to be repealed on January 1, 2028)
Sec. 19. Disciplinary Fund. All fees and fines received by the Department
under this Act shall be deposited in the Illinois State Podiatric
Disciplinary Fund, a special fund created hereunder in the State Treasury. Of
the moneys deposited into the Illinois State Podiatric Disciplinary Fund, during each 2-year renewal period, $200,000
of the money received from the payment of renewal fees shall be used for
podiatric scholarships and residency programs under the Podiatric Scholarship
and Residency Act and the remainder shall be appropriated to the Department for
expenses of the Department and of the Board and for
podiatric scholarships and residency programs under the Podiatric Scholarship
and Residency Act.
Moneys in the Illinois State Podiatric Disciplinary Fund may be
invested and reinvested in investments authorized for the investment of funds
of the State Employees' Retirement System of Illinois.
All earnings received from such investments shall be deposited in the
Illinois State Podiatric Disciplinary Fund and may be used for the
same purposes as fees deposited in such fund.
Moneys in the Fund may be transferred to the Professions Indirect Cost Fund
as authorized under Section 2105-300 of the Department of
Professional Regulation Law (20 ILCS 2105/2105-300).
Moneys set aside for podiatric scholarships and residency programs under the Podiatric Scholarship and Residency Act, as provided for in this Section, may not be transferred under Section 8h of the State Finance Act.
Upon the completion of any audit of the Department as prescribed by the
Illinois State Auditing Act which includes an audit of the Illinois State
Podiatric Disciplinary Fund, the Department shall make the audit
open to inspection by any interested person.
(Source: P.A. 100-525, eff. 9-22-17.)
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