HB5930 Summary

• Appropriates $17,340,330 to the Office of the State Treasurer for ordinary and contingent expenses including personal services, employee benefits, contractual services, and operational costs from General Revenue Fund and State Pensions Fund.

• Appropriates $8,100,000 from Bank Services Trust Fund for payments to financial institutions for banking services.

• Appropriates $47,695,750 from General Revenue Fund for refunds of estate tax overpayments and accrued interest, plus $2,000,000 for refunds of accrued interest on protested tax cases.

• Appropriates $27,000,000 from Transfer Tax Collection Distributive Fund for county payments under the Illinois Estate and Generation-Skipping Transfer Tax Act, and $2,951,907,500 for state bond principal and interest payments.

• Appropriates $1,000,000 for arbitrage rebate payments to the U.S. government, $252,900 for an Inspector General position, and $2,000,000 from the Charitable Trust Stabilization Fund for operational costs and grants. Effective July 1, 2012.