97TH GENERAL ASSEMBLY
State of Illinois
SB3828
Introduced 2/23/2012, by Sen. Christine Radogno
SYNOPSIS AS INTRODUCED:
Makes appropriations for the ordinary and contingent expenses of the Office of the State Treasurer. Makes further appropriations for: banking services; payments to counties; refunds of overpayments of specified taxes; bond payments, an Inspector General; arbitrage rebate payments; and grants to public and private entities. Effective July 1, 2012.
LRB097 20575 JDS 66200 b
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AN ACT making appropriations.
Be it enacted by the People of the State of Illinois, represented in the General Assembly:
Section 5. The following named amounts, or so much of those amounts as may be necessary, respectively, for the objects and purposes named in this Section, are appropriated to the Office of the State Treasurer to meet the ordinary and contingent expenses of the Office of the State Treasurer:
For Personal Services:
From General Revenue Fund..................... $5,224,600
From State Pensions Fund....................... 2,912,700
For Employee Retirement Contribution (pickup):
From General Revenue Fund........................ 150,400
From State Pensions Fund.......................... 71,100
For State Contributions to State
Employees' Retirement System:
From State Pensions Fund..................... 1,107,100
For State Contribution to Social Security:
From General Revenue Fund........................ 406,300
From State Pensions Fund......................... 259,100
For Group Insurance:
From State Pensions Fund....................... 1,304,300
For Contractual Services:
From General Revenue Fund........................ 731,600
From State Pensions Fund....................... 2,506,700
For Travel:
From General Revenue Fund........................ 114,400
From State Pensions Fund.......................... 56,400
For Commodities:
From General Revenue Fund......................... 58,100
From State Pensions Fund.......................... 32,100
For Printing:
From General Revenue Fund......................... 15,000
From State Pensions Fund.......................... 15,000
For Equipment:
From General Revenue Fund......................... 12,100
From State Pensions Fund.......................... 30,600
For Electronic Data Processing:
From General Revenue Fund...................... 1,157,700
From State Pensions Fund......................... 979,430
For Telecommunications Services:
From General Revenue Fund........................ 117,300
From State Pensions Fund.......................... 63,700
For Operation of Automotive Equipment:
From General Revenue Fund.......................... 8,900
From State Pensions Fund........................... 5,700
Total, This Section $17,340,330
Section 10. The amount of $8,100,000, or so much of that amount as may be necessary, is appropriated to the State Treasurer from the Bank Services Trust Fund for the purpose of making payments to financial institutions for banking services pursuant to the State Treasurer's Bank Services Trust Fund Act.
Section 15. The amount of $47,695,750, or so much of that amount as may be necessary, is appropriated to the State Treasurer from the General Revenue Fund for the purpose of making refunds of overpayments of estate tax and accrued interest on those overpayments, if any, and payment of certain statutory costs of assessment.
Section 20. The amount of $2,000,000, or so much of that amount as may be necessary, is appropriated to the State Treasurer from the General Revenue Fund for the purpose of making refunds of accrued interest on protested tax cases.
Section 25. The amount of $27,000,000, or so much of that amount as may be necessary, is appropriated to the State Treasurer from the Transfer Tax Collection Distributive Fund for the purpose of making payments to counties pursuant to Section 13b of the Illinois Estate and Generation-Skipping Transfer Tax Act.
Section 30. The amount of $500,000, or so much of that amount as may be necessary, is appropriated to the State Treasurer from the Matured Bond and Coupon Fund for payment of matured bonds and interest coupons pursuant to Section 6u of the State Finance Act.
Section 35. The following named amounts, or so much of those amounts as may be necessary, respectively, for the objects and purposes named in this Section, are appropriated to the State Treasurer for the payment of interest on and retirement of State bonded indebtedness:
For payment of principal and interest on any and all bonds issued pursuant to the Anti-Pollution Bond Act, the Transportation Bond Act, the Capital Development Bond Act of 1972, the School Construction Bond Act, the Illinois Coal and Energy Development Bond Act, and the General Obligation Bond Act:
From the General Obligation Bond
Retirement and Interest Fund:
Principal............................... $1,581,360,000
Interest................................. 1,370,547,500
Total $2,951,907,500
Section 40. The amount of $1,000,000, or so much thereof as may be necessary, is appropriated to the State Treasurer from the General Obligation Bond Rebate Fund for the purpose of making arbitrage rebate payments to the U.S. government.
Section 45. The following named amount of $252,900, or so much thereof as may be necessary, is appropriated from the General Revenue Fund to the State Treasurer for expenses related to an Inspector General position.
Section 50. The amount of $2,000,000, or so much thereof as may be necessary, is appropriated from the Charitable Trust Stabilization Fund to the State Treasurer for the State Treasurer’s operational costs to administer the Charitable Trust Stabilization Fund and for grants to public and private entities in the State for the purposes set out in the Charitable Trust Stabilization Act.
Section 99. Effective date. This Act takes effect July 1, 2012.