HB2636
A BILL FOR
103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB2636
Introduced , by Rep. Jehan Gordon -Booth
SYNOPSIS AS INTRODUCED:
Appropriates specified amounts from various funds to the
State Treasurer for specified purposes. Effective July 1, 2023 .
LRB103 30286 DTM 56714 b
HB2636 LRB103 30286 DTM 56714 b
AN ACT concerning appropriations. 1
Be it enacted by the People of the State of Illinois, represented 2
in the General Assembly: 3
Section 5. The sum of $14,126,850, or so much of that sum 4
as may be necessary, is appropriated from the State Treasurer’s 5
Administrative Fund to the Office of the State Treasurer to 6
meet its operational expenses for the fiscal year ending June 7
30, 2024. 8
Section 10. The sum of $1,000,000, or so much of that sum 9
as may be necessary, is appropriated from the General Revenue 10
Fund to the State Treasurer for the p urpose of making refunds 11
of accrued interest on protested tax cases. 12
Section 15. The sum of $19,341,860, or so much of that sum 13
as may be necessary, is appropriated from the State Pensions 14
Fund to the Office of the State Treasurer to meet its 15
operational expenses for the fiscal year ending June 30, 2024. 16
Section 20. The sum of $9,176,430, or so much of that sum 17
as may be necessary, is appropriated from the State Treasurer’s 18
Bank Services Trust Fund to the State Treasurer for the 19
operational expenses authorized under the State Treasurer's 20 HB2636 -2- LRB103 30286 DTM 56714 b
Bank Services Trust Fund Act. 1
Section 25. The following amounts, or so much of those 2
amounts as may be necessary, respectively, for the objects and 3
purposes named in this Section, are appropriated to the State 4
Treasurer for the payment of interest on and retirement of 5
State bonded indebtedness: 6
For payment of principal and interest on any and all bonds 7
issued pursuant to the Anti -Pollution Bond Act, the 8
Transportation Bond Act, the Capital Development Bond Act of 9
1972, the School Construction Bond Act, the Illinois Coa l and 10
Energy Development Bond Act, and the General Obligation Bond 11
Act: 12
From the General Obligation Bond Retirement and Interest Fund: 13
Principal ................................ ....$2,129,408,970 14
Interest ................................ .....$1,412,727,990 15
Total $3,542,136,960 16
Section 30. The sum of $1,000,000, or so much of that sum 17
as may be necessary, is appropriated from the General 18
Obligation Bond Rebate Fund to the State Treasurer for the 19
purpose of making arbitrage rebate payments to the United 20
States government. 21
HB2636 -3- LRB103 30286 DTM 56714 b
Section 35. The sum of $1,000,000, or so much of that sum 1
as may be necessary, is appropriated from the Charitable Trust 2
Stabilization Fund to the State Treasurer for the State 3
Treasurer’s operational costs to administer the Charitable 4
Trust Stabilization Fund and for grants to public and private 5
entities in the State for the purposes set out in the Charitable 6
Trust Stabilization Act. 7
Section 40. The sum of $250,000, or so much of that sum 8
as may be necessary, is appropriated from the State Treasurer’s 9
Capital Fund for the construction, recons truction, renovation, 10
repair, operation and maintenance of the buildings, grounds and 11
facilities of the State Treasurer. 12
Section 45. The sum of $2,500,000, or so much of that sum 13
as may be necessary, is appropriated from the Illinois Higher 14
Education Savings Program Fund to the Office of the State 15
Treasurer for the Illinois Higher Education Savings Program. 16
Section 99. Effective date. This Act takes effect July 1, 17
2023. 18