Illinois General Assembly - Full Text of Public Act 101-0487
Illinois General Assembly

Previous General Assemblies

Public Act 101-0487


 

Public Act 0487 101ST GENERAL ASSEMBLY

  
  
  

 


 
Public Act 101-0487
 
HB2836 EnrolledLRB101 08077 JRG 53140 b

    AN ACT concerning State government.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The State Treasurer Act is amended by adding
Section 35 as follows:
 
    (15 ILCS 505/35 new)
    Sec. 35. State Treasurer may purchase real property.
    (a) Subject to the provisions of the Public Contract Fraud
Act the State Treasurer, on behalf of the State of Illinois, is
authorized during State fiscal years 2019 and 2020 to acquire
real property located in the City of Springfield, Illinois
which the State Treasurer deems necessary to properly carry out
the powers and duties vested in him or her. Real property
acquired under this Section may be acquired subject to any
third party interests in the property that do not prevent the
State Treasurer from exercising the intended beneficial use of
such property.
    (b) Subject to the provisions of the Treasurer's
Procurement Rules, which shall be substantially in accordance
with the requirements of the Illinois Procurement Code, the
State Treasurer may:
        (1) enter into contracts relating to construction,
    reconstruction or renovation projects for any such
    buildings or lands acquired pursuant to paragraph (a); and
        (2) equip, lease, operate and maintain those grounds,
    buildings and facilities as may be appropriate to carry out
    his or her statutory purposes and duties.
    (c) The State Treasurer may enter into agreements with any
person with respect to the use and occupancy of the grounds,
buildings, and facilities of the State Treasurer, including
concession, license, and lease agreements on terms and
conditions as the State Treasurer determines and in accordance
with the procurement processes for the Office of the State
Treasurer, which shall be substantially in accordance with the
requirements of the Illinois Procurement Code.
    (d) The exercise of the authority vested in the Treasurer
by this Section is subject to the appropriation of the
necessary funds.
 
    Section 10. The State Finance Act is amended by changing
Section 8.12 as follows:
 
    (30 ILCS 105/8.12)   (from Ch. 127, par. 144.12)
    Sec. 8.12. State Pensions Fund.
    (a) The moneys in the State Pensions Fund shall be used
exclusively for the administration of the Revised Uniform
Unclaimed Property Act and for the expenses incurred by the
Auditor General for administering the provisions of Section
2-8.1 of the Illinois State Auditing Act and for operational
expenses of the Office of the State Treasurer and for the
funding of the unfunded liabilities of the designated
retirement systems. For the purposes of this Section,
"operational expenses of the Office of the State Treasurer"
includes the acquisition of land and buildings in State fiscal
years 2019 and 2020 for use by the Office of the State
Treasurer, as well as construction, reconstruction,
improvement, repair, and maintenance, in accordance with the
provisions of laws relating thereto, of such lands and
buildings beginning in State fiscal year 2019 and thereafter.
Beginning in State fiscal year 2020, payments to the designated
retirement systems under this Section shall be in addition to,
and not in lieu of, any State contributions required under the
Illinois Pension Code.
    "Designated retirement systems" means:
        (1) the State Employees' Retirement System of
    Illinois;
        (2) the Teachers' Retirement System of the State of
    Illinois;
        (3) the State Universities Retirement System;
        (4) the Judges Retirement System of Illinois; and
        (5) the General Assembly Retirement System.
    (b) Each year the General Assembly may make appropriations
from the State Pensions Fund for the administration of the
Revised Uniform Unclaimed Property Act.
    (c) As soon as possible after July 30, 2004 (the effective
date of Public Act 93-839), the General Assembly shall
appropriate from the State Pensions Fund (1) to the State
Universities Retirement System the amount certified under
Section 15-165 during the prior year, (2) to the Judges
Retirement System of Illinois the amount certified under
Section 18-140 during the prior year, and (3) to the General
Assembly Retirement System the amount certified under Section
2-134 during the prior year as part of the required State
contributions to each of those designated retirement systems;
except that amounts appropriated under this subsection (c) in
State fiscal year 2005 shall not reduce the amount in the State
Pensions Fund below $5,000,000. If the amount in the State
Pensions Fund does not exceed the sum of the amounts certified
in Sections 15-165, 18-140, and 2-134 by at least $5,000,000,
the amount paid to each designated retirement system under this
subsection shall be reduced in proportion to the amount
certified by each of those designated retirement systems.
    (c-5) For fiscal years 2006 through 2019, the General
Assembly shall appropriate from the State Pensions Fund to the
State Universities Retirement System the amount estimated to be
available during the fiscal year in the State Pensions Fund;
provided, however, that the amounts appropriated under this
subsection (c-5) shall not reduce the amount in the State
Pensions Fund below $5,000,000.
    (c-6) For fiscal year 2020 and each fiscal year thereafter,
as soon as may be practical after any money is deposited into
the State Pensions Fund from the Unclaimed Property Trust Fund,
the State Treasurer shall apportion the deposited amount among
the designated retirement systems as defined in subsection (a)
to reduce their actuarial reserve deficiencies. The State
Comptroller and State Treasurer shall pay the apportioned
amounts to the designated retirement systems to fund the
unfunded liabilities of the designated retirement systems. The
amount apportioned to each designated retirement system shall
constitute a portion of the amount estimated to be available
for appropriation from the State Pensions Fund that is the same
as that retirement system's portion of the total actual reserve
deficiency of the systems, as determined annually by the
Governor's Office of Management and Budget at the request of
the State Treasurer. The amounts apportioned under this
subsection shall not reduce the amount in the State Pensions
Fund below $5,000,000.
    (d) The Governor's Office of Management and Budget shall
determine the individual and total reserve deficiencies of the
designated retirement systems. For this purpose, the
Governor's Office of Management and Budget shall utilize the
latest available audit and actuarial reports of each of the
retirement systems and the relevant reports and statistics of
the Public Employee Pension Fund Division of the Department of
Insurance.
    (d-1) As soon as practicable after March 5, 2004 (the
effective date of Public Act 93-665), the Comptroller shall
direct and the Treasurer shall transfer from the State Pensions
Fund to the General Revenue Fund, as funds become available, a
sum equal to the amounts that would have been paid from the
State Pensions Fund to the Teachers' Retirement System of the
State of Illinois, the State Universities Retirement System,
the Judges Retirement System of Illinois, the General Assembly
Retirement System, and the State Employees' Retirement System
of Illinois after March 5, 2004 (the effective date of Public
Act 93-665) during the remainder of fiscal year 2004 to the
designated retirement systems from the appropriations provided
for in this Section if the transfers provided in Section 6z-61
had not occurred. The transfers described in this subsection
(d-1) are to partially repay the General Revenue Fund for the
costs associated with the bonds used to fund the moneys
transferred to the designated retirement systems under Section
6z-61.
    (e) The changes to this Section made by Public Act 88-593
shall first apply to distributions from the Fund for State
fiscal year 1996.
(Source: P.A. 99-8, eff. 7-9-15; 99-78, eff. 7-20-15; 99-523,
eff. 6-30-16; 100-22, eff. 1-1-18; 100-23, eff. 7-6-17;
100-587, eff. 6-4-18; 100-863, eff. 8-14-18.)
 
    Section 99. Effective date. This Act takes effect upon
becoming law.

Effective Date: 8/23/2019