IL
Illinois House Bill HB3920

Illinois 2025-2026 Regular Session

Illinois House Bill HB3920

Introduced
2/21/25  

Caption

$STATE TREASURER

Impact

The bill's impact on state laws centers around the financial accountability and management provisions related to the Office of the State Treasurer. By establishing these appropriations, HB3920 aims to provide a clear directive on funding necessary for the office's various duties, including managing state funds, administering bond payments, and complying with fiscal responsibilities. This funding structure supports governmental operations and underscores the importance of fiscal discipline within state financial practices.

Summary

House Bill 3920, introduced by Rep. Robyn Gabel, focuses on making various appropriations from multiple funds to the Office of the State Treasurer for the fiscal year 2026, which begins July 1, 2025. This bill outlines specific amounts designated for different operational expenses, including over $17 million from the State Treasurer's Administrative Fund, aimed at ensuring the effective functioning of the Treasurer's office. It represents a critical mechanism through which state financial resources are allocated and managed, reflecting the state government's commitment to maintaining operational integrity in financial administration.

Contention

Notably, while HB3920 does not appear to be contentious in nature, the discussions surrounding appropriations bills often raise questions about fiscal priorities among different sectors within state governance. Stakeholders may debate the adequacy of these funds in relation to the needs across agencies, as well as how effectively they address emerging financial challenges within the state. The allocation of significant sums for operational expenses also prompts discussions on transparency and efficiency in state financial management.

Latest HB3920 Activity

Companion Bills

No companion bills found.

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