SB3382 Summary

• Appropriates $1,414,498,000 from the General Revenue Fund to the Board of Trustees of the State Universities Retirement System for the State's contribution
• Appropriates $140,000,000 from the State Pensions Fund to the Board of Trustees of the State Universities Retirement System pursuant to Section 8.12 of the State Finance Act
• Appropriates $0 from the Education Assistance Fund to the State Universities Retirement System for deposit into the Community College Health Insurance Security Fund
• Total appropriations of $1,554,498,000 for ordinary and contingent expenses for fiscal year beginning July 1, 2018
• Takes effect July 1, 2018, with appropriations available for all costs incurred prior to July 1, 2019