SB2376 Bill Summary

• Appropriates $78,758,700 in Other State Funds for the Department of Financial and Professional Regulation's ordinary and contingent expenses for fiscal year beginning July 1, 2009.

• Distributes appropriations across multiple dedicated funds including Financial Institution Fund ($4,347,500), Credit Union Fund ($2,863,900), Bank and Trust Company Fund ($14,355,900), and specialized regulation funds for real estate, nursing, medical discipline, and other professions.

• Allocates funds for personnel services, state contributions to employee retirement and social security, group insurance, contractual services, travel, and refunds across all regulatory divisions.

• Appropriates $500,000 for establishment and operation of an Illinois Center for Nursing and $3,645,000 for a Regulatory/G&A shared services center.

• Establishes effective date of July 1, 2009.