Illinois Compiled Statutes 305 ILCS 23/15 – Illinois Broadband Adoption Fund
Current as of: 2024 | Check for updates
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(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
(b) The fund consists of:
Terms Used In Illinois Compiled Statutes 305 ILCS 23/15
- 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
(1) money received through the federal American
Rescue Plan and other vehicles designed to address and relieve economic hardship for State households;
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(2) money appropriated by the General Assembly;
(3) money transferred to the fund under the Treasurer
(3) money transferred to the fund under the Treasurer
as Custodian of Funds Act; and
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(4) donations, gifts, and money received from any
other source, including transfers from other funds or accounts.
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(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.