Bill > SB2602

This bill appropriates specific amounts from various state funds to the State Treasurer for fiscal year 2025-2026, funding a range of operational and financial activities. The bill allocates $17,238,400 from the State Treasurer's Administrative Fund for office operational expenses, $1,000,000 from the General Revenue Fund for tax case interest refunds, $26,225,000 from the State Pensions Fund for operational expenses, and $10,035,270 from the State Treasurer's Bank Services Trust Fund for authorized operational expenses. Additionally, the bill provides $2,370,028,488 for principal and $1,361,536,952 for interest payments on state bonds from the General Obligation Bond Retirement and Interest Fund, covering various bond acts including Anti-Pollution, Transportation, and School Construction. Other allocations include $1,000,000 for arbitrage rebate payments, $1,000,000 for the Charitable Trust Stabilization Fund's operational costs and grants, $500,000 for the State Treasurer's capital infrastructure, and $2,500,000 for the Illinois Higher Education Savings Program. The bill is set to take effect on July 1, 2025, and ensures funding for critical state financial management and debt service responsibilities.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2602&GAID=18&DocTypeID=SB&SessionID=114&GA=104