99TH GENERAL ASSEMBLY

 

State of Illinois

 

2015 and 2016   

SB3253

 

Introduced 2/19/2016, by Sen. Christine Radogno

 

SYNOPSIS AS INTRODUCED:

 

Makes appropriations for the ordinary and contingent expenses of the State Universities Retirement System for the fiscal year beginning July 1, 2016, as follows:

General Funds                    $1,204,026,000

Other State Funds                $  190,000,000

Total                            $1,394,026,000

 

 

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  $FY17 SURS 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 $1,204,026,000, or so much thereof as may be necessary, is appropriated from the General Revenue 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 $190,000,000, 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 10.  The sum of $0, or so much thereof as may be necessary, is appropriated from the Education Assistance Fund to the State Universities Retirement System for deposit into the Community College Health Insurance Security Fund for the State’s contributions, as required by law.

 

Section 99. Effective date. This Act takes effect July 1, 2016, if and only if Senate Bill 2789 of the 99th General Assembly (the Unbalanced Budget Response Act), as introduced in the Illinois Senate, becomes law.