IL HB0011

Increases the operating budget threshold for entities eligible for grants from the Charitable Trust Stabilization Fund from $1,000,000 to $2,000,000.

Removes start-up funding as an allowable use of Fund moneys, limiting grants to operational purposes only.

Eliminates the mandatory $1,000,000 transfer from the General Revenue Fund to the Charitable Trust Stabilization Fund and the requirement to transfer funds back after three years.

Maintains the Fund's allocation structure: 20% for fund administration (capped at $4,000,000 annually), 50% for grants to participating organizations, and 30% for investment income.

Continues prioritizing grants for entities with budgets under $2,000,000 located in depressed areas as defined by the Illinois Enterprise Zone Act.