PROTECT COMMUNITY GRANT FUND

Amends the State Finance Act. Creates the Protect Our Communities Grant Fund as a special fund in the State treasury. Provides that moneys in the Fund shall be used by the Illinois Law Enforcement Training Standards Board for grants to units of local government and public institutions of higher education in this State for specified purposes. Provides that moneys received for the specified purposes of the Fund, including, but not limited to, fee receipts, gifts, grants, and awards from any public or private entity, must be deposited into the Fund. Provides that any interest earned on moneys in the Fund must be deposited into the Fund. Provides for the adoption of rules concerning distribution of grant moneys. Provides that moneys in the Fund shall not be appropriated, assigned, or transferred to another State fund. Requires the State Comptroller to direct and the State Treasurer to transfer the sum of $250,000,000 from the General Revenue Fund to the Fund. Makes other changes.