SB3263 Summary

• Creates the 21st Century Schools Fund as a special fund in the State treasury for appropriations to bring Illinois schools into the 21st century.

• Creates the Drinking and Wastewater Fund as a special fund in the State treasury for appropriations to support clean and safe drinking water and wastewater projects.

• Amends the State Finance Act by adding Sections 5.811, 5.812, 6z-93, and 6z-94 to establish these two special funds.

• Takes effect immediately upon becoming law.