IL SB2122

Appropriates $28,787,900 in total funds to the Capital Development Board for fiscal year beginning July 1, 2017

Allocates $26,187,900 from the Capital Development Fund covering personal services ($11,500,000), employee retirement contributions ($6,211,500), group insurance ($3,336,000), facilities assessments ($1,268,500), project management tracking ($1,000,000), and other operational expenses

Appropriates $2,000,000 from the Capital Development Board Revolving Fund for operational expenses

Allocates $600,000 from the School Infrastructure Fund for operational purposes related to the School Infrastructure Program

Effective date is July 1, 2017, contingent upon Senate Bill 2063 (Unbalanced Budget Response Act) becoming law