Illinois § 40
Full text of Illinois Illinois Compiled Statutes § 40, with citation guidance and answers to common questions.
§ 40.
Report. On or before February 1 of each year, the Department shall issue a report to the General Assembly. The report shall state how moneys from the Fund were used during the preceding calendar year and shall include: (1) the amount of money deposited into the Fund during the preceding calendar year as the result of revenue derived under this Act; (2) the amount of money disbursed from the Fund and the process used for such disbursements; (3) recipients of grants from the Fund; (4) the amount awarded to each grant recipient; (5) the purposes for which grants were awarded; and (6) a summary financial plan for Fund moneys, which shall include estimates of all receipts and all disbursements for the current and succeeding fiscal years, along with the actual results from the prior fiscal year. (Source: P.A. 103-284, eff. 1-1-24.)
Frequently Asked Questions About Illinois § 40
What does Illinois Compiled Statutes § 40 cover?
Section 40 is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Illinois § 40?
A common citation format is "Illinois Compiled Statutes § 40" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 40 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.