(a) The Commission may accept monetary gifts and grants from any public or private source, which shall be held in the Illinois America 250 Commission Trust Fund. The Illinois America 250 Commission Trust Fund is created as a non-appropriated trust fund to be held outside of the State treasury, with the State Treasurer as custodian. All gifts, grants, assets, funds, or money received by the Commission under this Act shall be deposited and held in the Trust Fund by the State Treasurer as ex officio custodian separate and apart from all public money or funds of this State and shall be administered by the Commission exclusively for the purposes set forth in this Act. All money in the Trust Fund shall be invested and reinvested by the State Treasurer. All interest accruing from these investments shall be deposited into the Trust Fund.
     (b) The Commission may also accept in-kind gifts.
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Terms Used In Illinois Compiled Statutes 20 ILCS 4114/35

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Ex officio: Literally, by virtue of one's office.
  • State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
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