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1 | AN ACT concerning State government.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The State Treasurer Act is amended by adding | ||||||
5 | Section 35 as follows: | ||||||
6 | (15 ILCS 505/35 new) | ||||||
7 | Sec. 35. State Treasurer may purchase real property. | ||||||
8 | (a) Subject to the provisions of the Public Contract Fraud | ||||||
9 | Act, the State Treasurer, on behalf of the State of Illinois, | ||||||
10 | is authorized during State fiscal years 2019 and 2020 to | ||||||
11 | acquire real property located in the City of Springfield, | ||||||
12 | Illinois which the State Treasurer deems necessary to properly | ||||||
13 | carry out the powers and duties vested in him or her. Real | ||||||
14 | property acquired under this Section may be acquired subject to | ||||||
15 | any third-party interests in the property that do not prevent | ||||||
16 | the State Treasurer from exercising the intended beneficial use | ||||||
17 | of such property. | ||||||
18 | (b) Subject to the provisions of the Treasurer's | ||||||
19 | Procurement Rules, which shall be substantially in accordance | ||||||
20 | with the requirements of the Illinois Procurement Code, the | ||||||
21 | State Treasurer may: | ||||||
22 | (1) enter into contracts relating to construction, | ||||||
23 | reconstruction or renovation projects for any such |
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1 | buildings or lands acquired pursuant to paragraph (a); and | ||||||
2 | (2) equip, lease, operate and maintain those grounds, | ||||||
3 | buildings and facilities as may be appropriate to carry out | ||||||
4 | his or her statutory purposes and duties. | ||||||
5 | (c) The State Treasurer may enter into agreements with any | ||||||
6 | person with respect to the use and occupancy of the grounds, | ||||||
7 | buildings, and facilities of the State Treasurer, including | ||||||
8 | concession, license, and lease agreements on terms and | ||||||
9 | conditions as the State Treasurer determines and in accordance | ||||||
10 | with the procurement processes for the Office of the State | ||||||
11 | Treasurer, which shall be substantially in accordance with the | ||||||
12 | requirements of the Illinois Procurement Code. | ||||||
13 | (d) The exercise of the authority vested in the State | ||||||
14 | Treasurer by this Section is subject to the appropriation of | ||||||
15 | the necessary funds. | ||||||
16 | Section 10. The State Finance Act is amended by changing | ||||||
17 | Section 8.12 as follows:
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18 | (30 ILCS 105/8.12)
(from Ch. 127, par. 144.12)
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19 | Sec. 8.12. State Pensions Fund.
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20 | (a) The moneys in the State Pensions Fund shall be used | ||||||
21 | exclusively
for the administration of the Revised Uniform | ||||||
22 | Unclaimed Property Act and
for the expenses incurred by the | ||||||
23 | Auditor General for administering the provisions of Section | ||||||
24 | 2-8.1 of the Illinois State Auditing Act and for operational |
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1 | expenses of the Office of the State Treasurer and for the | ||||||
2 | funding of the unfunded liabilities of the designated | ||||||
3 | retirement systems. For the purposes of this Section, | ||||||
4 | "operational expenses of the Office of the State Treasurer" | ||||||
5 | includes the acquisition of land and buildings in State fiscal | ||||||
6 | years 2019 and 2020 for use by the Office of the State | ||||||
7 | Treasurer, as well as construction, reconstruction, | ||||||
8 | improvement, repair, and maintenance, in accordance with the | ||||||
9 | provisions of laws relating thereto, of such lands and | ||||||
10 | buildings beginning in State fiscal year 2019 and thereafter. | ||||||
11 | Beginning in State fiscal year 2020, payments to the designated | ||||||
12 | retirement systems under this Section shall be in addition to, | ||||||
13 | and not in lieu of, any State contributions required under the | ||||||
14 | Illinois Pension Code.
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15 | "Designated retirement systems" means:
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16 | (1) the State Employees' Retirement System of | ||||||
17 | Illinois;
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18 | (2) the Teachers' Retirement System of the State of | ||||||
19 | Illinois;
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20 | (3) the State Universities Retirement System;
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21 | (4) the Judges Retirement System of Illinois; and
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22 | (5) the General Assembly Retirement System.
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23 | (b) Each year the General Assembly may make appropriations | ||||||
24 | from
the State Pensions Fund for the administration of the | ||||||
25 | Revised Uniform
Unclaimed Property Act.
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26 | (c) As soon as possible after July 30, 2004 (the effective |
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1 | date of Public Act 93-839), the General Assembly shall | ||||||
2 | appropriate from the State Pensions Fund (1) to the State | ||||||
3 | Universities Retirement System the amount certified under | ||||||
4 | Section 15-165 during the prior year, (2) to the Judges | ||||||
5 | Retirement System of Illinois the amount certified under | ||||||
6 | Section 18-140 during the prior year, and (3) to the General | ||||||
7 | Assembly Retirement System the amount certified under Section | ||||||
8 | 2-134 during the prior year as part of the required
State | ||||||
9 | contributions to each of those designated retirement systems; | ||||||
10 | except that amounts appropriated under this subsection (c) in | ||||||
11 | State fiscal year 2005 shall not reduce the amount in the State | ||||||
12 | Pensions Fund below $5,000,000. If the amount in the State | ||||||
13 | Pensions Fund does not exceed the sum of the amounts certified | ||||||
14 | in Sections 15-165, 18-140, and 2-134 by at least $5,000,000, | ||||||
15 | the amount paid to each designated retirement system under this | ||||||
16 | subsection shall be reduced in proportion to the amount | ||||||
17 | certified by each of those designated retirement systems.
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18 | (c-5) For fiscal years 2006 through 2019, the General | ||||||
19 | Assembly shall appropriate from the State Pensions Fund to the | ||||||
20 | State Universities Retirement System the amount estimated to be | ||||||
21 | available during the fiscal year in the State Pensions Fund; | ||||||
22 | provided, however, that the amounts appropriated under this | ||||||
23 | subsection (c-5) shall not reduce the amount in the State | ||||||
24 | Pensions Fund below $5,000,000.
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25 | (c-6) For fiscal year 2020 and each fiscal year thereafter, | ||||||
26 | as soon as may be practical after any money is deposited into |
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1 | the State Pensions Fund from the Unclaimed Property Trust Fund, | ||||||
2 | the State Treasurer shall apportion the deposited amount among | ||||||
3 | the designated retirement systems as defined in subsection (a) | ||||||
4 | to reduce their actuarial reserve deficiencies. The State | ||||||
5 | Comptroller and State Treasurer shall pay the apportioned | ||||||
6 | amounts to the designated retirement systems to fund the | ||||||
7 | unfunded liabilities of the designated retirement systems. The | ||||||
8 | amount apportioned to each designated retirement system shall | ||||||
9 | constitute a portion of the amount estimated to be available | ||||||
10 | for appropriation from the State Pensions Fund that is the same | ||||||
11 | as that retirement system's portion of the total actual reserve | ||||||
12 | deficiency of the systems, as determined annually by the | ||||||
13 | Governor's Office of Management and Budget at the request of | ||||||
14 | the State Treasurer. The amounts apportioned under this | ||||||
15 | subsection shall not reduce the amount in the State Pensions | ||||||
16 | Fund below $5,000,000. | ||||||
17 | (d) The
Governor's Office of Management and Budget shall | ||||||
18 | determine the individual and total
reserve deficiencies of the | ||||||
19 | designated retirement systems. For this purpose,
the
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20 | Governor's Office of Management and Budget shall utilize the | ||||||
21 | latest available audit and actuarial
reports of each of the | ||||||
22 | retirement systems and the relevant reports and
statistics of | ||||||
23 | the Public Employee Pension Fund Division of the Department of
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24 | Insurance.
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25 | (d-1) As soon as practicable after March 5, 2004 (the | ||||||
26 | effective date of Public Act 93-665), the Comptroller shall
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1 | direct and the Treasurer shall transfer from the State Pensions | ||||||
2 | Fund to
the General Revenue Fund, as funds become available, a | ||||||
3 | sum equal to the
amounts that would have been paid
from the | ||||||
4 | State Pensions Fund to the Teachers' Retirement System of the | ||||||
5 | State
of Illinois,
the State Universities Retirement System, | ||||||
6 | the Judges Retirement
System of Illinois, the
General Assembly | ||||||
7 | Retirement System, and the State Employees'
Retirement System
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8 | of Illinois
after March 5, 2004 (the effective date of Public | ||||||
9 | Act 93-665) during the remainder of fiscal year 2004 to the
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10 | designated retirement systems from the appropriations provided | ||||||
11 | for in
this Section if the transfers provided in Section 6z-61 | ||||||
12 | had not
occurred. The transfers described in this subsection | ||||||
13 | (d-1) are to
partially repay the General Revenue Fund for the | ||||||
14 | costs associated with
the bonds used to fund the moneys | ||||||
15 | transferred to the designated
retirement systems under Section | ||||||
16 | 6z-61.
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17 | (e) The changes to this Section made by Public Act 88-593 | ||||||
18 | shall
first apply to distributions from the Fund for State | ||||||
19 | fiscal year 1996.
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20 | (Source: P.A. 99-8, eff. 7-9-15; 99-78, eff. 7-20-15; 99-523, | ||||||
21 | eff. 6-30-16; 100-22, eff. 1-1-18; 100-23, eff. 7-6-17; | ||||||
22 | 100-587, eff. 6-4-18; 100-863, eff. 8-14-18.)
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23 | Section 99. Effective date. This Act takes effect upon | ||||||
24 | becoming law.
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