(20 ILCS 3520/15)
Sec. 15. Small Business Surety Bond Guaranty Fund.
(a) The Small Business Surety Bond Guaranty Fund is created as a special fund in the State treasury.
(b) The following shall be deposited into the Fund:
(1) Moneys appropriated by the State to the Fund.
(2) Premiums, fees, and any other amounts received by
the Department with respect to bonding assistance provided by the Department under the Program.
(3) Proceeds from the sale, lease, or other
disposition of property or contracts held or acquired by the Department.
(4) Any other moneys made available under the Program
or pursuant to the provisions of paragraph (2) of Section 10.
(c) The Fund shall be used as follows:
(1) For the purposes described in this Act.
(2) To pay the expenses of the Department in
administering this Act.
(Source: P.A. 88-407; 88-665, eff. 9-16-94.)
Sections: Previous 1 5 10 15 20 25 30 35 40 45 50 70 75 99 Next
Last modified: February 18, 2015