Bill > HB2033

This bill appropriates a minimal amount of $2 from the General Revenue Fund (GRF) to the State Universities Retirement System (SURS) for its fiscal year 2026 ordinary and contingent expenses. The appropriation is meant to support the operational and incidental costs of SURS, which is the state pension system responsible for managing retirement benefits for employees of public universities in Illinois. While the $2 amount is unusually low and might suggest a placeholder or symbolic appropriation, the bill specifies that the funds will become effective on July 1, 2025, marking the start of the state's next fiscal year. The bill follows standard legislative formatting, including an enacting clause that represents the will of the Illinois General Assembly in passing this appropriation.

Government Affairs

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2033&GAID=18&DocTypeID=HB&SessionID=114&GA=104