CHARIT TRUST STABILIZ-ADMIN House SponsorsRep. Constance A. Howard-La Shawn K. Ford Senate Sponsors(Sen. Pamela J. Althoff) 8/8/2011HousePublic Act . . . . . . . . . 97-0274 30 ILCS 790/530 ILCS 790/10 Amends the Charitable Trust Stabilization Act. Provides that the State Treasurer may (now, shall) make grants to public and private entities. Provides that special attention shall be given and preferences for recommending grants may be given to entities with operating budgets of less than $1,000,000. Removes language permitting moneys in the Charitable Trust Stabilization Fund to be used for loans. Provides that 20% of the amount deposited into the Fund must be set aside for the operating budget of the Fund (now, the Fund and Charitable Trust Stabilization Committee). Provides that the State Treasurer (now, the Committee) shall adopt rules and administer the Fund. Provides that the Office of the State Treasurer (now, the Department of Commerce and Economic Opportunity) shall provide staff and administrative support services to the Committee. Removes language providing for the employment and the duties of a director of the Committee. Provides that the Treasurer may transfer all or a portion of the balance of the Fund to a third-party administrator. Effective immediately.House Floor Amendment No. 1 Provides that special attention shall be given and preferences for recommending grants may be given to entities with operating budgets of less than $1,000,000 that are located within a depressed area. Provides that the Charitable Trust Stabilization Committee (rather than the State Treasurer) shall establish committees and officers as it deems necessary. 2/24/2011HouseFiled with the Clerk by Rep. Constance A. Howard 2/24/2011HouseFirst Reading 2/24/2011HouseReferred to Rules Committee 2/28/2011HouseAssigned to Executive Committee 3/17/2011HouseDo Pass / Short Debate Executive Committee; 011-000-000 3/17/2011HousePlaced on Calendar 2nd Reading - Short Debate 3/17/2011HouseAdded Chief Co-Sponsor Rep. La Shawn K. Ford 4/5/2011HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Constance A. Howard 4/5/2011HouseHouse Floor Amendment No. 1 Referred to Rules Committee 4/6/2011HouseHouse Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 003-000-000 4/12/2011HouseSecond Reading - Short Debate 4/12/2011HouseHouse Floor Amendment No. 1 Adopted by Voice Vote 4/12/2011HousePlaced on Calendar Order of 3rd Reading - Short Debate 4/13/2011HouseThird Reading - Short Debate - Passed 116-000-000 4/14/2011SenateArrive in Senate 4/14/2011SenatePlaced on Calendar Order of First Reading 4/14/2011SenateChief Senate Sponsor Sen. Pamela J. Althoff 4/14/2011SenateFirst Reading 4/14/2011SenateReferred to Assignments 4/27/2011SenateAssigned to Executive 5/5/2011SenateDo Pass Executive; 014-000-000 5/5/2011SenatePlaced on Calendar Order of 2nd Reading May 6, 2011 5/6/2011SenateSecond Reading 5/6/2011SenatePlaced on Calendar Order of 3rd Reading May 10, 2011 5/12/2011SenateThird Reading - Passed; 057-000-000 5/12/2011HousePassed Both Houses 6/10/2011HouseSent to the Governor 8/8/2011HouseGovernor Approved 8/8/2011HouseEffective Date August 8, 2011 8/8/2011HousePublic Act . . . . . . . . . 97-0274