(a) The Illinois Student Assistance Commission Contracts and Grants Fund is created as a special fund in the State treasury. All gifts, grants, or donations of money received by the Commission must be deposited into this Fund and, where appropriate, other funds made available through contracts with governmental, public, and private agencies or persons may also be deposited into this Fund. (b) Moneys in the Fund may be used by the Commission, subject to appropriation, for support of the Commission's student and borrower assistance outreach, research, and training activities.
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