SB2119 Summary

• Appropriates $502,233,500 total to the Governor's Office of Management and Budget for fiscal year 2017-2018, consisting of $1,380,100 from General Funds and $500,853,400 from Other State Funds

• Defines "operational expenses" to include personal services, social security contributions, insurance, contractual services, travel, commodities, printing, equipment, data processing, telecommunications, vehicle operation, refunds, retirement contributions, permanent improvements, and fund deposits

• Appropriates funds from multiple sources including $1,590,000 from Capital Development Fund, $650,000 from Build Illinois Bond Fund, and $480,000,000 from Build Illinois Bond Retirement and Interest Fund for bond administration and debt service

• Appropriates $113,400 from School Infrastructure Fund for School Infrastructure Program expenses and $14,500,000 from Illinois Civic Center Bond Retirement and Interest Fund for Limited Obligation Revenue bonds

• Appropriates $4,000,000 from Grant Accountability and Transparency Fund for implementation of grant accountability programs and Budgeting for Results initiative

• Requires Governor approval before entering contracts or obligations for appropriations in Sections 10, 15, and 20

• Takes effect July 1, 2017 only if Senate Bill 2063 (Unbalanced Budget Response Act) becomes law