Illinois General Assembly - Illinois Compiled Statutes

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225 ILCS 80/20

(225 ILCS 80/20) (from Ch. 111, par. 3920)

(Section scheduled to be repealed on January 1, 2027)

Sec. 20. Fund.

All moneys received by the Department pursuant to this
Act
shall be deposited in the Optometric Licensing and Disciplinary Board
Fund, which is hereby created as a special fund in the State Treasury, and
shall be used for the administration of this Act, including: (a) by
the Board and Department in the exercise of its powers and performance of
its duties; (b) for
costs directly related to license renewal of persons licensed under this Act;
and (c) for direct and allocable indirect costs related to the
public purposes
of the Department of Financial and Professional Regulation.
 Subject to appropriation, moneys in the Optometric Licensing and
Disciplinary Board Fund may be used for
the
Optometric Education Scholarship Program administered by the Illinois Student
Assistance Commission pursuant to Section 65.70 of the Higher Education Student
Assistance Act.

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).

Money in the Optometric Licensing and Disciplinary Board
Fund may be
invested and reinvested, with all earnings received from such investment to
be deposited in the Optometric Licensing and Disciplinary Board Fund
and used for the same purposes as fees deposited in such fund.

(Source: P.A. 99-909, eff. 1-1-17.)