(30 ILCS 765/35) (from Ch. 5, par. 2050-35)
Sec. 35.
Reports.
(a) Each recipient of moneys under this Act must annually
submit a report to the Foundation. This report must include (i) either
(A) an audit of the funds received from the Foundation by a
certified public accountant or (B) a fiscal review approved by the
Foundation setting forth the manner and amount of expenditures made
with the funds received from the Foundation and (ii) a description of
the programs on which they were expended. The reports are
public records available for inspection upon request.
(b) The governing board of the Foundation must prepare an
annual report to the Governor, the President of the Senate, the
Minority Leader of the Senate, the Speaker of the House of Representatives, the
Minority Leader of the House of Representatives, and the Justices
of the Illinois Supreme Court. The report must include (i) a
statement of the total receipts and a breakdown by source during
each of the previous 2 calendar years, (ii) a list of the names
and addresses of the recipients that are currently receiving funds
and that received funds in the previous year and the amounts
committed to recipients for the current year and paid in the
previous year, (iii) a breakdown of the amounts paid during the
previous year to recipients and the amounts committed to each
recipient for the current year, (iv) a breakdown of the
Foundation's costs in administering the Fund, and (v) a statement
of the Fund balance at the start and at the close of the previous
calendar-year and the interest earned during the previous
calendar-year. The report must include any notices the Foundation issued
denying applications for moneys under this Act. The report, in its
entirety, is a public record, and
the Foundation and the Governor shall make the report available for
inspection upon request.
(Source: P.A. 91-584, eff. 1-1-00.)
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