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Illinois Statutes Chapter 30. Finance § 105/6z-70. The Secretary of State Identification Security and Theft Prevention Fund

Current as of January 01, 2025 | Updated by Findlaw Staff

§ 6z-70. The Secretary of State Identification Security and Theft Prevention Fund.

(a) The Secretary of State Identification Security and Theft Prevention Fund is created as a special fund in the State treasury. The Fund shall consist of any fund transfers, grants, fees, or moneys from other sources received for the purpose of funding identification security and theft prevention measures.

(b) All moneys in the Secretary of State Identification Security and Theft Prevention Fund shall be used, subject to appropriation, for any costs related to implementing identification security and theft prevention measures.

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(p) Notwithstanding any other provision of State law to the contrary, on or after July 1, 2023, and until June 30, 2024, in addition to any other transfers that may be provided for by law, at the direction of and upon notification of the Secretary of State, the State Comptroller shall direct and the State Treasurer shall transfer amounts into the Secretary of State Identification Security and Theft Prevention Fund from the designated funds not exceeding the following totals:

Division of Corporations Registered Limited
Liability Partnership Fund․․․․․․․․

․․․․․․․․․․$400,000

Department of Business Services Special
Operations Fund․․․․․․․․․․․․․․․․․․․․․․․

․․․․․․․․$5,500,000

Securities Audit and Enforcement Fund․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․

․․․․․․․․$4,000,000

(q) Notwithstanding any other provision of State law to the contrary, on or after July 1, 2024, and until June 30, 2025, in addition to any other transfers that may be provided for by law, at the direction of and upon notification of the Secretary of State, the State Comptroller shall direct and the State Treasurer shall transfer amounts into the Secretary of State Identification Security and Theft Prevention Fund from the designated funds not exceeding the following totals:

Division of Corporations Registered Limited
Liability Partnership Fund․․․․․․․․

․․․․․․․․․․$400,000

Department of Business Services Special
Operations Fund․․․․․․․․․․․․․․․․․․․․․․․

․․․․․․․․$5,500,000

Securities Audit and Enforcement Fund․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․

․․․․․․․․$4,000,000

Corporate Franchise Tax Refund Fund․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․

․․․․․․․․$3,000,000
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Cite this article: FindLaw.com - Illinois Statutes Chapter 30. Finance § 105/6z-70. The Secretary of State Identification Security and Theft Prevention Fund - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-30-finance/il-st-sect-30-105-6z-70/

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