(820 ILCS 405/2103) (from Ch. 48, par. 663)
Sec. 2103. Unemployment compensation administration and other workforce
development costs.
All moneys received by the State or by the Department from any source for the
financing of the cost of administration of this Act, including all federal
moneys allotted or apportioned to the State or to the Department for that
purpose, including moneys received directly or indirectly from the federal
government under the Job Training Partnership Act, and including moneys
received from the Railroad Retirement Board as compensation for services or
facilities supplied to said Board, or any moneys made available by this State
or its political subdivisions and matched by moneys granted to this State
pursuant to the provisions of the Wagner-Peyser Act, shall be received and
held by the State Treasurer as ex-officio custodian thereof, separate and
apart from all other State moneys, in the Title III Social Security and
Employment Fund, and such funds shall be distributed or expended upon the
direction of the Director and, except money received pursuant to the last
paragraph of Section 2100B, shall be distributed or expended solely for the
purposes and in the amounts found necessary by the Secretary of Labor of the
United States of America, or other appropriate federal agency, for the
proper and efficient administration of this Act. Notwithstanding any
provision of this Section, all money requisitioned and deposited with the
State Treasurer pursuant to the last paragraph of Section 2100B shall
remain part of the unemployment trust fund and shall be used only in
accordance with the conditions specified in the last paragraph of Section
2100B.
If any moneys received from the Secretary of Labor, or other appropriate
federal agency, under Title III of the Social Security Act, or any moneys
granted to this State pursuant to the provisions of the Wagner-Peyser Act,
or any moneys made available by this State or its political subdivisions
and matched by moneys granted to this State pursuant to the provisions of
the Wagner-Peyser Act, are found by the Secretary of Labor, or other
appropriate Federal agency, because of any action or contingency, to have
been lost or expended for purposes other than, or in amounts in excess of,
those found necessary, by the Secretary of Labor, or other appropriate
Federal agency, for the proper administration of this Act, it is the policy
of this State that such moneys shall be replaced by moneys appropriated for
such purpose from the general funds of this State for expenditure as
provided in the first paragraph of this Section. The Director shall report
to the
Governor's Office of Management and Budget, in the same manner as is provided generally
for the submission by State Departments of financial requirements for the
ensuing fiscal year, and the Governor shall include in his budget report to
the next regular session of the General Assembly, the amount required for
such replacement.
Moneys in the Title III Social Security and Employment Fund
shall not be commingled with other State funds, but they shall be deposited as
required by law and maintained in a separate account on the books of a savings
and loan association or bank.
The State Treasurer shall be liable on his general official bond for the
faithful performance of his duties as custodian of all moneys
in the Title III Social Security and Employment Fund. Such liability on his
official
bond shall exist in addition to the liability upon any separate bond given
by him. All sums recovered for losses sustained by the fund herein
described shall be deposited therein.
Upon the effective date of this amendatory Act of 1987 (January 1,
1988), the Comptroller shall transfer all unobligated funds from the Job
Training Fund into the Title III Social Security and Employment Fund.
On September 1, 2000, or as soon thereafter as may be reasonably
practicable, the State Comptroller shall transfer all unobligated moneys
from the Job Training Partnership Fund into the Title III Social Security and
Employment Fund. The moneys transferred pursuant to this amendatory Act may be
used or expended for purposes consistent with the conditions under which those
moneys were received by the State.
Beginning on the effective date of this amendatory Act of the 91st General
Assembly, all moneys that would otherwise be deposited into the Job Training
Partnership Fund shall instead be deposited into the Title III Social Security
and Employment Fund, to be used for purposes consistent with the conditions
under which those moneys are received by the State, except that any moneys that
may be necessary to pay liabilities outstanding as of June 30, 2000 shall be
deposited into the Job Training Partnership Fund.
(Source: P.A. 97-791, eff. 1-1-13.)
|