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IL SB2481
Bill
Status
2/7/2025
Primary Sponsor
Christopher Belt
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AI Summary
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Removes the July 1, 2025 repeal date for the Capital Development Board Revolving Fund, making the fund permanent
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The Capital Development Board Revolving Fund receives monies from publications, copies, contract administration fees, charges, and reimbursements owed to the Board
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Fund monies may be used for personal services, retirement, social security, contractual services, legal services, travel, commodities, printing, equipment, electronic data processing, and telecommunications
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Since fiscal year 2021, fund monies may also be appropriated to the Executive Ethics Commission for oversight of the Chief Procurement Officer
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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