Bill > HB4074

This bill amends the State Finance Act to rename the "Fund for Illinois' Future" to the "Democratic Majority Slush Fund" throughout existing legal text. The bill makes this change in multiple sections of the law, including provisions about fund creation, transfers, and appropriations. Specifically, the bill maintains the fund's original purpose of supporting public infrastructure grants, which include funding for local governments, schools, universities, community colleges, and non-profit organizations. The fund can be used for planning, engineering, construction, development, and improvement of public infrastructure, as well as for grants related to violence prevention, community development, educational programs, social services, and operational expenses. The bill also includes a provision for transferring up to $350,000,000 from the General Revenue Fund to this renamed fund between July 1, 2024, and June 30, 2024. While the functional aspects of the fund remain unchanged, the renaming appears to be a politically charged modification that emphasizes the fund's association with the Democratic majority in the state legislature.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4074&GAID=18&DocTypeID=HB&SessionID=114&GA=104