97TH GENERAL ASSEMBLY

State of Illinois

2011 and 2012   

SB3853

Introduced 2/24/2012, by Sen. Heather A. Steans - Dan Kotowski

SYNOPSIS AS INTRODUCED:

Makes appropriations for the ordinary and contingent expenses of the State Universities Retirement System for the fiscal year beginning July 1, 2012, as follows:

General Funds                        $1,242,800,000

     Other State Funds               $  160,000,000

     Total                           $1,402,800,000

OMB097 00383 MKB 40383 b

$SURS FY13 OCE

    AN ACT concerning appropriations.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

ARTICLE 1

    Section 1. The sum of $1,242,800,000, or so much thereof as may be necessary, is appropriated from the Education Assistance Fund to the Board of Trustees of the State Universities Retirement System for the State’s contribution, as provided by law.

    Section 5. The sum of $160,000,000, or so much thereof as may be necessary, is appropriated from the State Pensions Fund to the Board of Trustees of the State Universities Retirement System pursuant to the provisions of Section 8.12 of the State Finance Act.

Section 99. Effective date. This Act takes effect July 1, 2012.