2023 Illinois Compiled Statutes › Chapter 15 - EXECUTIVE OFFICERS › 15 ILCS 321/ - Illinois State Library Foundation Act.

(15 ILCS 321/1)
Sec. 1. 
		Short title. 
		This Act may be cited as the Illinois State Library
Foundation Act.
(Source: P.A. 93-497, eff. 1-1-04.)
(15 ILCS 321/5)
Sec. 5. 
		Illinois State Library Foundation created. 
		The Secretary of State
is
authorized, in accordance with Section 10 of the State Agency Entity Creation
Act, to
create a not-for-profit foundation that shall be known as the Illinois State
Library
Foundation. The Secretary shall file articles of incorporation and bylaws as
required
under the General Not For Profit Corporation Act of 1986 to create the
Foundation.
There shall be not less than 6 nor more than 11 Directors of the Foundation to
be
appointed by the Secretary of State, with the advice and consent of the Senate.
The Secretary of State or his or her
designee shall
serve as an ex-officio Director of the Foundation. No Director may receive
compensation
for his or her services to the Foundation.
(Source: P.A. 93-497, eff. 1-1-04.)
(15 ILCS 321/10)
Sec. 10. 
		Purpose of Foundation. 
		The purpose of the Foundation shall be to
promote library programs for all types of libraries in the State, enhancing
statewide
library awareness to the people of Illinois; to make grants and gifts in aid
and support of
the goal; and to engage generally in other lawful endeavors consistent with the
foregoing
purposes. The Foundation shall not exceed the provisions of the General Not For
Profit
Corporation Act of 1986.
(Source: P.A. 93-497, eff. 1-1-04.)
(15 ILCS 321/15)
Sec. 15. 
		Selecting officers; rules. 
		As soon as practical after the
Foundation is
created, the Directors shall meet, organize, and designate, by majority vote, a
Chairperson, Secretary, and any additional officers as may be needed to carry
out the
activities of the Foundation. The Secretary of State may adopt rules deemed
necessary to
govern Foundation procedures.
(Source: P.A. 93-497, eff. 1-1-04.)
(15 ILCS 321/20)
Sec. 20. 
		Funds collected by the Foundation. 
		The Foundation may accept
gifts
or grants from the federal government, its agencies or officers, or from any
person, firm,
corporation, or private foundation; and may expend receipts on activities that
it considers
suitable to the performance of its duties under this Act. Funds collected by
the
Foundation shall be considered private funds and shall be held in an
appropriate account
outside of the State treasury. The treasurer of the Foundation shall be
custodian of all
Foundation funds. The Foundation's accounts and books shall be set up and
maintained
in a manner approved by the Auditor General and the Foundation and its officers
shall be
responsible for the approval of recording of receipts, the approval of
payments,
and the
proper filing of required reports. The Foundation may be assisted in carrying
out its
functions by personnel of the Office of the Secretary of State with respect to
matters
falling within their scope and function. The Foundation shall cooperate fully
with the
boards, commissions, agencies, departments, and institutions of the State. The
funds held
and made available by the Illinois State Library Foundation shall be subject to
financial
and compliance audits by the Auditor General in compliance with the Illinois
State
Auditing Act.
(Source: P.A. 93-497, eff. 1-1-04.)
(15 ILCS 321/99)
Sec. 99. 
		Effective date. 
		This Act takes effect on January 1, 2004.
(Source: P.A. 93-497, eff. 1-1-04.)