IL HB6125

Appropriates $1,568,600 from General Funds for the Governor's Office of Management and Budget (OMB) ordinary and contingent expenses for fiscal year beginning July 1, 2014, including personal services ($1,308,000), social security contributions ($101,200), contractual services ($91,400), and other operational costs.

Appropriates $462,306,500 from various Other State Funds for OMB operations including: Capital Development Fund ($1,543,100) for General Obligation bond administration, Build Illinois Bond Fund ($650,000) for bond sale and administration, Build Illinois Bond Retirement and Interest Fund ($446,000,000) for trustee payments, School Infrastructure Fund ($113,400), and Illinois Civic Center Bond Retirement and Interest Fund ($14,000,000).

Requires written approval from the Governor before any contracts or obligations can be incurred for expenditures from the Capital Development Fund, Build Illinois Bond Fund, and Build Illinois Bond Retirement and Interest Fund appropriations.

Total appropriation of $463,875,100 for OMB fiscal year 2014-2015.

Takes effect July 1, 2014.