(a) The Illinois Broadband Adoption Fund is established as a special fund within the State treasury for the purpose of providing financial assistance under this Act. The Department shall administer the fund. (b) The fund consists of: (1) money received through the federal American Rescue Plan and other vehicles designed to address and relieve economic hardship for State households; (2) money appropriated by the General Assembly; (3) money transferred to the fund under the Treasurer as Custodian of Funds Act; and (4) donations, gifts, and money received from any other source, including transfers from other funds or accounts. (c) The Treasurer shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public funds may be invested. Rescue Plan and other vehicles designed to address and relieve economic hardship for State households; as Custodian of Funds Act; and other source, including transfers from other funds or accounts.
‹ Prev All Illinois sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.