Funds by Fund Number with Statutory Language
Fund Number 0733 Tobacco Settlement Recovery Fund
Chapter 0030 Act 0105 Section 6z-43
Fund Group: Special State Fund Total Revenue FY05: $476,173,474
Total Revenue FY06: $379,442,175
Fund Type: Appropriated
Administering Agency: Comptroller
Statutory Language:
(a) There is created in the State Treasury a special fund to be known as the Tobacco Settlement Recovery Fund, into which
shall be deposited all monies paid to the State pursuant to (1) the Master Settlement Agreement entered in the case of People
of the State of Illinois v. Philip Morris, et al. (Circuit Court of Cook County, No. 96‑L13146) and (2) any settlement with or
judgment against any tobacco product manufacturer other than one participating in the Master Settlement Agreement in
satisfaction of any released claim as defined in the Master Settlement Agreement, as well as any other monies as provided by
law. All earnings on Fund investments shall be deposited into the Fund. Upon the creation of the Fund, the State
Comptroller shall order the State Treasurer to transfer into the Fund any monies paid to the State as described in item (1) or
(2) of this Section before the creation of the Fund plus any interest earned on the investment of those monies. The Treasurer
may invest the moneys in the Fund in the same manner, in the same types of investments, and subject to the same limitations
provided in the Illinois Pension Code for the investment of pension funds other than those established under Article 3 or 4 of
the Code.
Fund Purpose: The purpose of this Fund is to receive and record monies obtained from the Master Settlement
Agreement, any settlement/judgment against tobacco product manufacturers other than the one
participating in the Master Settlement Agreement, and any interest income.
Fund Number 0734 World War II Illinois Veterans Memorial Fund
Chapter 0020 Act 2805 Section 2e
Fund Group: Special State Fund Total Revenue FY05: $4,177
Total Revenue FY06: $0
Fund Type: Appropriated
Administering Agency: Veterans' Affairs
Statutory Language:
There is created in the State treasury the World War II Illinois Veterans Memorial Fund. The Department must make
grants from the Fund for the construction of a World War II Illinois Veterans Memorial in Springfield, Illinois. Beginning
with taxable years ending on or after December 31, 2003, the Department shall print on its standard individual income tax
form a provision indicating that if the taxpayer wishes to contribute to the World War II Illinois Veterans Memorial Fund,
as authorized by this amendatory Act of the 93rd General Assembly, he or she may do so by stating the amount of the
contribution (not less than $1) on the return and that the contribution will reduce the taxpayer's refund or increase the
amount of payment to accompany the return. Failure to remit any amount of increased payment shall reduce the contribution
accordingly. This Section shall not apply to any amended return.
The Department shall clearly state in its instructions to taxpayers and shall make it clear on the tax return form itself that
money donated to the World War II Illinois Veterans Memorial Fund will go to fund a World War II memorial to Illinois
Veterans located in Springfield, Illinois and will not go to the World War II Memorial Fund created to fund a national World
War II memorial in Washington, D.C.
Fund Purpose: The purpose of this Fund is to receive and record monies obtained from income tax check-off
contributions. Monies in the Fund may be expended, pursuant to General Assembly appropriation, to
fund a World War II memorial for Illinois veterans located in Springfield.
Funds by Fund Number with Statutory Language Page 360
