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IL SB2481

Bill

Status

Introduced

2/7/2025

Primary Sponsor

Christopher Belt

Click for details

Origin

Senate

104th General Assembly

AI Summary

  • Removes the July 1, 2025 repeal date for the Capital Development Board Revolving Fund, making the fund permanent

  • The Capital Development Board Revolving Fund receives monies from publications, copies, contract administration fees, charges, and reimbursements owed to the Board

  • Fund monies may be used for personal services, retirement, social security, contractual services, legal services, travel, commodities, printing, equipment, electronic data processing, and telecommunications

  • Since fiscal year 2021, fund monies may also be appropriated to the Executive Ethics Commission for oversight of the Chief Procurement Officer

  • Prohibits the Comptroller, Treasurer, or Governor from transferring unexpended fund monies to any other fund

Legislative Description

FINANCE-CAPITAL DEV LOAN FUND

Last Action

Rule 3-9(a) / Re-referred to Assignments

4/11/2025

Committee Referrals

Assignments4/11/2025
State Government3/4/2025
Assignments2/7/2025

Full Bill Text

No bill text available