Bill > HB0145

This bill appropriates a minimal amount of $2 from the General Revenue Fund (the state's main operating fund) to the Illinois Finance Authority (IFA) to cover its ordinary and contingent expenses for fiscal year 2026. The appropriation, which will become effective on July 1, 2025, provides funding for the IFA's basic operational costs. While the dollar amount is notably small, this type of appropriation bill is a standard method for providing state agencies with budgetary authorization for their ongoing administrative expenses. The bill is straightforward, specifying that the full $2 may be used, or a lesser amount as needed, to support the IFA's administrative functions for the upcoming fiscal year.

Government Affairs

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=145&GAID=18&DocTypeID=HB&SessionID=114&GA=104