GRANT AWARD INTEREST DEPOSIT House SponsorsRep. Margo McDermed 1/10/2017HouseSession Sine Die 30 ILCS 708/47 new Amends the Grant Accountability and Transparency Act. Requires a recipient of a State grant award of $100,000 or more to deposit the funds into an interest bearing account. Provides that the interest earned is to be considered State funds. Authorizes the grant recipient to retain up to $250 per year from the interest proceeds to offset fees imposed upon the deposit. 2/11/2016HouseFiled with the Clerk by Rep. Margo McDermed 2/11/2016HouseFirst Reading 2/11/2016HouseReferred to Rules Committee 1/10/2017HouseSession Sine Die