SB3338 Summary

• Appropriates $1,272,700 from the General Revenue Fund to the Governor's Office of Management and Budget for operational expenses for fiscal year ending June 30, 2019

• Appropriates $1,590,000 from the Capital Development Fund for expenses related to General Obligation bond sales and administration

• Appropriates $650,000 from the Build Illinois Bond Fund for expenses related to Build Illinois bond sales and administration

• Appropriates $480,000,000 from the Build Illinois Bond Retirement and Interest Fund for Trustee payments under the Master Indenture

• Appropriates an additional $113,400 from the School Infrastructure Fund, $14,500,000 from the Illinois Civic Center Bond Retirement and Interest Fund, and $4,000,000 from the Grant Accountability and Transparency Fund for respective program purposes

• Requires Governor approval in writing before contracts or obligations may be incurred for appropriations in Sections 10, 15, and 20

• Takes effect July 1, 2018 and covers all costs incurred prior to July 1, 2019