Sec. 15. Illinois Broadband Adoption Fund.

135 words·~1 min read·/il/chapter-305/act-23/15

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(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.