IL HB4544

Removes two blank provisions from the Charitable Trust Stabilization Fund's authorized uses, leaving only grants for operational purposes of participating organizations and fund administration.

Changes fund allocation from 50% for grants and 30% for investment to 80% for grants and 20% for investment purposes.

Eliminates the provision requiring 20% of deposits to be set aside for the fund's operating budget with a $4,000,000 annual cap.

Removes the requirement for the State Treasurer to transfer $1,000,000 from the General Revenue Fund to the Charitable Trust Stabilization Fund and the subsequent transfer back after three years.