SB1297 allows the State Comptroller to transfer funds for State Fair activities and other specified purposes.
SB1297 amends the State Comptroller Act to allow the Comptroller to transfer funds for various purposes, including State Fair activities, cash prizes for university competitions, and support for the Illinois Mathematics and Science Academy. The bill specifies maximum amounts for these transfers and mandates that funds be returned to the State Comptroller after the State Fair. The Comptroller must also withhold state income tax as required by law. The act takes effect July 1, 2025.
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