101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB2836

 

Introduced , by Rep. Emanuel Chris Welch

 

SYNOPSIS AS INTRODUCED:
 
15 ILCS 505/35 new
30 ILCS 105/8.12  from Ch. 127, par. 144.12

    Amends the State Treasurer Act. Provides that, subject to the provisions of the Public Contract Fraud Act, the State Treasurer is authorized during fiscal years 2019 and 2020 to purchase 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. Provides that, subject to provisions of the Treasurer's Procurement Rules, the State Treasurer may enter into contracts relating to construction, reconstruction, or renovation projects for any such buildings or lands acquired under this Act, and the State Treasurer may equip, lease, operate, and maintain those grounds, buildings, and facilities as may be appropriate to carry out the State Treasurer's statutory purposes and duties. Provides that 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 Illinois Procurement Code. Provides that exercise of the authority vested by this Act is subject to the appropriation of the necessary funds. Amends the State Finance Act. Expands the use of moneys in the State Pension Fund to include the acquisition of land and buildings in State fiscal year 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. Effective immediately.


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A BILL FOR

 

HB2836LRB101 08077 JRG 53140 b

1    AN ACT concerning State government.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The State Treasurer Act is amended by adding
5Section 35 as follows:
 
6    (15 ILCS 505/35 new)
7    Sec. 35. State Treasurer may purchase real property.
8    (a) Subject to the provisions of the Public Contract Fraud
9Act the State Treasurer, on behalf of the State of Illinois, is
10authorized during State fiscal years 2019 and 2020 to purchase
11real property located in the City of Springfield, Illinois
12which the State Treasurer deems necessary to properly carry out
13the powers and duties vested in him or her. To the extent any
14such real property is gifted to the State Treasurer, on behalf
15of the State of Illinois, or acquired thereby for a nominal
16amount, the real property may be acquired subject to the
17grantor's non-transferable right to retain possession of no
18more than half of the real property for a period not to exceed
194 years. Real property acquired under this Section may be
20acquired subject to any existing and related ground leases.
21    (b) Subject to the provisions of the Treasurer's
22Procurement Rules, which shall be substantially in accordance
23with the requirements of Illinois Procurement Code, the State

 

 

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1Treasurer may:
2        (1) enter into contracts relating to construction,
3    reconstruction or renovation projects for any such
4    buildings or lands acquired pursuant to paragraph (a); and
5        (2) equip, lease, operate and maintain those grounds,
6    buildings and facilities as may be appropriate to carry out
7    his or her statutory purposes and duties.
8    (c) The State Treasurer may enter into agreements with any
9person with respect to the use and occupancy of the grounds,
10buildings, and facilities of the State Treasurer, including
11concession, license, and lease agreements on terms and
12conditions as the State Treasurer determines and in accordance
13with the procurement processes for the Office of the State
14Treasurer, which shall be substantially in accordance with the
15requirements of Illinois Procurement Code. This subsection
16shall not apply to a leaseback of property to the seller of any
17real estate acquired under this Section, provided that
18leaseback does not exceed 2 years.
19    (d) The exercise of the authority vested in the Treasurer
20by this Section is subject to the appropriation of the
21necessary funds.
 
22    Section 10. The State Finance Act is amended by changing
23Section 8.12 as follows:
 
24    (30 ILCS 105/8.12)   (from Ch. 127, par. 144.12)

 

 

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1    Sec. 8.12. State Pensions Fund.
2    (a) The moneys in the State Pensions Fund shall be used
3exclusively for the administration of the Revised Uniform
4Unclaimed Property Act and for the expenses incurred by the
5Auditor General for administering the provisions of Section
62-8.1 of the Illinois State Auditing Act and for operational
7expenses of the Office of the State Treasurer and for the
8funding of the unfunded liabilities of the designated
9retirement systems. For the purposes of this Section,
10"operational expenses of the Office of the State Treasurer"
11includes the acquisition of land and buildings in State fiscal
12year 2019 and 2020 for use by the Office of the State
13Treasurer, as well as construction, reconstruction,
14improvement, repair, and maintenance, in accordance with the
15provisions of laws relating thereto, of such lands and
16buildings beginning in State fiscal year 2019 and thereafter.
17Beginning in State fiscal year 2020, payments to the designated
18retirement systems under this Section shall be in addition to,
19and not in lieu of, any State contributions required under the
20Illinois Pension Code.
21    "Designated retirement systems" means:
22        (1) the State Employees' Retirement System of
23    Illinois;
24        (2) the Teachers' Retirement System of the State of
25    Illinois;
26        (3) the State Universities Retirement System;

 

 

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1        (4) the Judges Retirement System of Illinois; and
2        (5) the General Assembly Retirement System.
3    (b) Each year the General Assembly may make appropriations
4from the State Pensions Fund for the administration of the
5Revised Uniform Unclaimed Property Act.
6    (c) As soon as possible after July 30, 2004 (the effective
7date of Public Act 93-839), the General Assembly shall
8appropriate from the State Pensions Fund (1) to the State
9Universities Retirement System the amount certified under
10Section 15-165 during the prior year, (2) to the Judges
11Retirement System of Illinois the amount certified under
12Section 18-140 during the prior year, and (3) to the General
13Assembly Retirement System the amount certified under Section
142-134 during the prior year as part of the required State
15contributions to each of those designated retirement systems;
16except that amounts appropriated under this subsection (c) in
17State fiscal year 2005 shall not reduce the amount in the State
18Pensions Fund below $5,000,000. If the amount in the State
19Pensions Fund does not exceed the sum of the amounts certified
20in Sections 15-165, 18-140, and 2-134 by at least $5,000,000,
21the amount paid to each designated retirement system under this
22subsection shall be reduced in proportion to the amount
23certified by each of those designated retirement systems.
24    (c-5) For fiscal years 2006 through 2019, the General
25Assembly shall appropriate from the State Pensions Fund to the
26State Universities Retirement System the amount estimated to be

 

 

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1available during the fiscal year in the State Pensions Fund;
2provided, however, that the amounts appropriated under this
3subsection (c-5) shall not reduce the amount in the State
4Pensions Fund below $5,000,000.
5    (c-6) For fiscal year 2020 and each fiscal year thereafter,
6as soon as may be practical after any money is deposited into
7the State Pensions Fund from the Unclaimed Property Trust Fund,
8the State Treasurer shall apportion the deposited amount among
9the designated retirement systems as defined in subsection (a)
10to reduce their actuarial reserve deficiencies. The State
11Comptroller and State Treasurer shall pay the apportioned
12amounts to the designated retirement systems to fund the
13unfunded liabilities of the designated retirement systems. The
14amount apportioned to each designated retirement system shall
15constitute a portion of the amount estimated to be available
16for appropriation from the State Pensions Fund that is the same
17as that retirement system's portion of the total actual reserve
18deficiency of the systems, as determined annually by the
19Governor's Office of Management and Budget at the request of
20the State Treasurer. The amounts apportioned under this
21subsection shall not reduce the amount in the State Pensions
22Fund below $5,000,000.
23    (d) The Governor's Office of Management and Budget shall
24determine the individual and total reserve deficiencies of the
25designated retirement systems. For this purpose, the
26Governor's Office of Management and Budget shall utilize the

 

 

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1latest available audit and actuarial reports of each of the
2retirement systems and the relevant reports and statistics of
3the Public Employee Pension Fund Division of the Department of
4Insurance.
5    (d-1) As soon as practicable after March 5, 2004 (the
6effective date of Public Act 93-665), the Comptroller shall
7direct and the Treasurer shall transfer from the State Pensions
8Fund to the General Revenue Fund, as funds become available, a
9sum equal to the amounts that would have been paid from the
10State Pensions Fund to the Teachers' Retirement System of the
11State of Illinois, the State Universities Retirement System,
12the Judges Retirement System of Illinois, the General Assembly
13Retirement System, and the State Employees' Retirement System
14of Illinois after March 5, 2004 (the effective date of Public
15Act 93-665) during the remainder of fiscal year 2004 to the
16designated retirement systems from the appropriations provided
17for in this Section if the transfers provided in Section 6z-61
18had not occurred. The transfers described in this subsection
19(d-1) are to partially repay the General Revenue Fund for the
20costs associated with the bonds used to fund the moneys
21transferred to the designated retirement systems under Section
226z-61.
23    (e) The changes to this Section made by Public Act 88-593
24shall first apply to distributions from the Fund for State
25fiscal year 1996.
26(Source: P.A. 99-8, eff. 7-9-15; 99-78, eff. 7-20-15; 99-523,

 

 

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1eff. 6-30-16; 100-22, eff. 1-1-18; 100-23, eff. 7-6-17;
2100-587, eff. 6-4-18; 100-863, eff. 8-14-18.)
 
3    Section 99. Effective date. This Act takes effect upon
4becoming law.