IL SB3978

Appropriates $13,200,000 from the State Treasurer's Administrative Fund to the Office of the State Treasurer for operational expenses for fiscal year ending June 30, 2021

Appropriates $1,000,000 from the General Revenue Fund to the Office of the State Treasurer for refunds of accrued interest on protested tax cases

Appropriates $17,132,000 from the State Pensions Fund to the Office of the State Treasurer for operational expenses for fiscal year ending June 30, 2021

Appropriates $8,100,000 from the Bank Services Trust Fund to the Office of the State Treasurer for operational expenses authorized under the Bank Services Trust Fund Act

Appropriates $3,112,192,593 from the General Obligation Bond Retirement and Interest Fund for payment of principal ($1,749,000,883) and interest ($1,363,191,710) on state bonds issued under multiple bond acts

Appropriates $1,000,000 from the General Obligation Bond Rebate Fund to the Office of the State Treasurer for arbitrage rebate payments to the federal government

Appropriates $2,000,000 from the Charitable Trust Stabilization Fund to the State Treasurer for operational costs and grants to public and private entities under the Charitable Trust Stabilization Act

Effective date is July 1, 2020