HB3718 Summary

• Appropriates $1,426,692,000 from the General Revenue Fund to the State Universities Retirement System Board of Trustees for the State's contribution

• Appropriates $200,000,000 from the State Pensions Fund to the State Universities Retirement System Board of Trustees pursuant to Section 8.12 of the State Finance Act

• Appropriates $4,431,113 from the Education Assistance Fund to the State Universities Retirement System for deposit into the Community College Health Insurance Security Fund for State contributions

• Total appropriations of $1,631,123,113 for ordinary and contingent expenses for fiscal year beginning July 1, 2019

• Effective date is July 1, 2019