IL SB2761

Increases the operating budget threshold for entities receiving special attention from the Charitable Trust Stabilization Fund from $1,000,000 to $2,000,000.

Expands eligible grant uses to include operational purposes only, removing the previous requirement that grants be for start-up or operational purposes.

Eliminates provisions requiring the State Treasurer to transfer $1,000,000 from the General Revenue Fund to the Charitable Trust Stabilization Fund and the mandatory return transfer three years later.

Maintains that 20% of annual deposits fund the Fund's operating budget (capped at $4,000,000), 50% supports grants, and 30% is invested for income generation.

Takes effect immediately upon becoming law.