Sec. 40. Report.

138 words·~1 min read·/il/chapter-405/act-155/40

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

Sec. 40. Report. On or before February 1 of each year, the Department shall issue a report to the General Assembly. The report shall state how moneys from the Fund were used during the preceding calendar year and shall include:

(1)the amount of money deposited into the Fund during the preceding calendar year as

the result of revenue derived under this Act;

(2)the amount of money disbursed from the Fund and the process used for such

disbursements;

(3)recipients of grants from the Fund;

(4)the amount awarded to each grant recipient;

(5)the purposes for which grants were awarded; and

(6)a summary financial plan for Fund moneys, which shall include estimates of all

receipts and all disbursements for the current and succeeding fiscal years, along with the actual results from the prior fiscal year.