IL SB3862

Appropriates $359,337,700 total for the Governor's Office of Management and Budget for fiscal year beginning July 1, 2012, consisting of $2,241,200 from General Funds and $357,096,500 from Other State Funds.

Allocates $2,241,200 from General Revenue Fund for OMB ordinary and contingent expenses including personal services ($1,503,300), contractual services ($423,800), social security contributions ($122,500), and other operational costs.

Appropriates $1,543,100 from Capital Development Fund for expenses related to General Obligation bond sales and administration.

Appropriates $440,000 from Build Illinois Bond Fund and $341,000,000 from Build Illinois Bond Retirement and Interest Fund for bond-related expenses and trustee payments.

Appropriates $113,400 from School Infrastructure Fund for School Infrastructure Program operational expenses and $14,000,000 from Illinois Civic Center Bond Retirement and Interest Fund for bond principal, interest, and premium payments.

Requires Governor approval in writing before any contracts or obligations are entered into for expenditures from Sections 10, 15, and 20.

Effective date is July 1, 2012.