Illinois General Assembly - Full Text of SB0531
Illinois General Assembly

Previous General Assemblies

Full Text of SB0531  101st General Assembly


Sen. John G. Mulroe

Filed: 4/5/2019





10100SB0531sam001LRB101 04292 RJF 59244 a


2    AMENDMENT NO. ______. Amend Senate Bill 531 by replacing
3everything after the enacting clause with the following:
4    "Section 5. The Public Use Trust Act is amended by changing
5Section 2 as follows:
6    (30 ILCS 160/2)  (from Ch. 127, par. 4002)
7    Sec. 2. (a) The Department of Agriculture, and the
8Department of Natural Resources, and the Abraham Lincoln
9Presidential Library and Museum have the power to enter into a
10trust agreement with a person or group of persons under which
11the State agency may receive or collect money or other property
12from the person or group of persons and may expend such money
13or property solely for a public purpose within the powers and
14duties of that State agency and stated in the trust agreement.
15The State agency shall be the trustee under any such trust



10100SB0531sam001- 2 -LRB101 04292 RJF 59244 a

1    (b) Money or property received under a trust agreement
2shall not be deposited in the State treasury and is not subject
3to appropriation by the General Assembly, but shall be held and
4invested by the trustee separate and apart from the State
5treasury. The trustee shall invest money or property received
6under a trust agreement as provided for trustees under the
7Trusts and Trustees Act or as otherwise provided in the trust
9    (c) The trustee shall maintain detailed records of all
10receipts and disbursements in the same manner as required for
11trustees under the Trusts and Trustees Act. The trustee shall
12provide an annual accounting of all receipts, disbursements,
13and inventory to all donors to the trust and the Auditor
14General. The annual accounting shall be made available to any
15member of the public upon request.
16(Source: P.A. 100-695, eff. 8-3-18.)".