IL HB5791 | 2015-2016 | 99th General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 11 2016 - 25% progression, died in committee
Action: 2016-02-11 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 11 2016 - 25% progression, died in committee
Action: 2016-02-11 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Grant Accountability and Transparency Act. Requires a recipient of a State grant award of $100,000 or more to deposit the funds into an interest bearing account. Provides that the interest earned is to be considered State funds. Authorizes the grant recipient to retain up to $250 per year from the interest proceeds to offset fees imposed upon the deposit.
Title
GRANT AWARD INTEREST DEPOSIT
Sponsors
History
Date | Chamber | Action |
---|---|---|
2016-02-11 | House | Referred to Rules Committee |
2016-02-11 | House | First Reading |
2016-02-11 | House | Filed with the Clerk by Rep. Margo McDermed |
Code Citations
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5791&GAID=13&DocTypeID=HB&SessionID=88&GA=99 |
Text | https://www.ilga.gov/legislation/99/HB/09900HB5791.htm |