95TH GENERAL ASSEMBLY
State of Illinois
HB3808
Introduced 3/13/2007, by Rep. Michael J. Madigan - Gary Hannig - Monique D. Davis
SYNOPSIS AS INTRODUCED:
Makes appropriations for the ordinary and contingent expenses of the State Universities Retirement System for the fiscal year beginning July 1, 2007, as follows:
General Revenue Fund $ 69,805,595
Other State Funds $186,998,705
Total $256,804,300
OMB095 00048 KEM 20048 b
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AN ACT concerning appropriations.
Be it enacted by the People of the State of Illinois, represented in the General Assembly:
ARTICLE 1
Section 5. The sum of $4,740,200, or so much thereof as may be necessary, is appropriated from the General Revenue Fund to the State Universities Retirement System for deposit into the Community College Health Insurance Security Fund for the State’s contribution, as required by law.
Section 10. The sum of $186,998,705, minus the amount transferred to the State Universities Retirement System pursuant to continuing appropriation authorized by the State Pensions Fund Continuing Appropriation Act, is appropriated from the State Pensions Fund to the Board of Trustees of the State Universities Retirement System of Illinois pursuant to the provisions of Section 8.12 of "AN ACT in relation to State finance", approved June 10, 1919, as amended.
Section 15. The following amounts, or so much thereof as may be necessary, respectively, are appropriated to the Board of Trustees of the State Universities Retirement System for the State's contribution, as provided by law:
Payable from the Education Assistance Fund...... 65,065,395
Section 99. Effective date. This Act takes effect July 1, 2007.