20 ILCS 605/605-807
2021 Illinois Compiled Statutes|Chapter 20 - EXECUTIVE BRANCH|20 ILCS 605/ - Civil Administrative Code of Illinois. (Department of Commerce and Economic Opportunity Law)|Article 605 - Department Of Commerce And Economic Opportunity

Sec. 605-807.     Federal Workforce Training Fund.(a) The Federal Workforce Training Fund is created as a special fund in the  State  treasury. The Department may accept gifts, grants, awards, matching  contributions,  interest income, appropriations, and cost sharings from individuals,  businesses,  governments, and other third party sources, on terms that the Director deems  advisable.  Moneys received under this Section may be expended for purposes consistent with  the  conditions under which those moneys are received, subject to appropriations  made by the  General Assembly for those purposes.(b) Beginning on the effective date of this amendatory Act of the 93rd  General  Assembly, all moneys received by the State pursuant to the federal Workforce  Investment  Act or Section 403(a)(5) of the federal Social Security Act shall be deposited into the  Federal Workforce Training Fund, to be used for purposes consistent with the conditions  under which those moneys are received by the State, except that any moneys received  pursuant to the federal Workforce Investment Act and necessary to pay  liabilities  incurred in connection with that Act and outstanding as of June 30, 2003, or  any moneys  received pursuant to Section 403(a)(5) of the federal Social Security Act and  necessary to  pay liabilities incurred in connection with that Act and outstanding as of June  30, 2003,  shall be deposited into the Title III Social Security and Employment Fund.On September 1, 2003, or as soon thereafter as may be reasonably practical,  the  State Comptroller shall transfer all unobligated moneys received by the State  pursuant to  the federal Workforce Investment Act or Section 403(a)(5) of the federal Social  Security  Act from the Title III Social Security and Employment Fund to the Federal  Workforce  Training Fund. The moneys transferred pursuant to this Amendatory Act of the  93rd  General Assembly may be used or expended for purposes consistent with the  conditions  under which those moneys were received by the State.(c) Beginning on the effective date of this amendatory Act of the 93rd  General  Assembly, all moneys received by the State pursuant to the federal Illinois  Trade  Adjustment Assistance Program shall be deposited into the Federal Workforce  Training  Fund, to be used for purposes consistent with the conditions under which those  moneys  are received by the State, except that any moneys received pursuant to the  federal Illinois  Trade Adjustment Assistance Program and necessary to pay liabilities incurred  in  connection with that program and outstanding as of June 30, 2003, shall be  deposited into  the Title III Social Security and Employment Fund.On July 1, 2003 or as soon thereafter as may be reasonably practical, the  State  Comptroller shall make one or more transfers of all moneys received by the  State  pursuant to the federal Illinois Trade Adjustment Assistance Program in excess  of those  necessary to pay liabilities in connection with that program and outstanding as  of June  30, 2003 from the Title III Social Security and Employment Fund to the Federal  Workforce Training Fund. The moneys transferred pursuant to this amendatory Act  of  the 93rd General Assembly may be used or expended for purposes consistent with  the  conditions under which those moneys were received by the State.    (Source: P.A. 93-25, eff. 6-20-03.)