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Sen. Don Harmon
Filed: 1/5/2025
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1 | | AMENDMENT TO HOUSE BILL 817
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2 | | AMENDMENT NO. ______. Amend House Bill 817, AS AMENDED, by |
3 | | replacing everything after the enacting clause with the |
4 | | following: |
5 | | "Section 5. The State Treasurer Act is amended by changing |
6 | | Section 35 as follows: |
7 | | (15 ILCS 505/35) |
8 | | Sec. 35. State Treasurer may purchase real property. |
9 | | (a) Subject to the provisions of the Public Contract Fraud |
10 | | Act, the State Treasurer, on behalf of the State of Illinois, |
11 | | is authorized during State fiscal years 2019 and 2020 to |
12 | | acquire real property located in the City of Springfield, |
13 | | Illinois which the State Treasurer deems necessary to properly |
14 | | carry out the powers and duties vested in him or her. Real |
15 | | property acquired under this Section may be acquired subject |
16 | | to any third party interests in the property that do not |
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1 | | prevent the State Treasurer from exercising the intended |
2 | | beneficial use of such property. |
3 | | (a-5) To ensure the safe and optimal operation of any real |
4 | | property acquired under subsection (a) and any improvements |
5 | | made to that real property, the State Treasurer, or the |
6 | | Department of Natural Resources on the State Treasurer's |
7 | | behalf, may acquire, at any time, any interest in any other |
8 | | real property, and the State Treasurer may make improvements |
9 | | and repairs on any property acquired under subsection (a) and |
10 | | this subsection. |
11 | | (b) Subject to the provisions of the Treasurer's |
12 | | Procurement Rules, which shall be substantially in accordance |
13 | | with the requirements of the Illinois Procurement Code, the |
14 | | State Treasurer may: |
15 | | (1) enter into contracts relating to construction, |
16 | | reconstruction or renovation projects for any such |
17 | | buildings or lands acquired pursuant to subsections |
18 | | subsection (a) and (a-5) ; and |
19 | | (2) equip, lease, operate and maintain those grounds, |
20 | | buildings and facilities as may be appropriate to carry |
21 | | out his or her statutory purposes and duties. |
22 | | (c) The State Treasurer may enter into agreements with any |
23 | | person with respect to the use and occupancy of the grounds, |
24 | | buildings, and facilities of the State Treasurer, including |
25 | | concession, license, and lease agreements on terms and |
26 | | conditions as the State Treasurer determines and in accordance |
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1 | | with the procurement processes for the Office of the State |
2 | | Treasurer, which shall be substantially in accordance with the |
3 | | requirements of the Illinois Procurement Code. |
4 | | (d) The exercise of the authority vested in the Treasurer |
5 | | by this Section is subject to the appropriation of the |
6 | | necessary funds. |
7 | | (e) State Treasurer's Capital Fund. |
8 | | (1) The State Treasurer's Capital Fund is created as a |
9 | | trust fund in the State treasury. Moneys in the Fund shall |
10 | | be utilized by the State Treasurer in the exercise of the |
11 | | authority vested in the Treasurer by subsection (b) of |
12 | | this Section. All interest earned by the investment or |
13 | | deposit of moneys accumulated in the Fund shall be |
14 | | deposited into the Fund. |
15 | | (2) Moneys in the State Treasurer's Capital Fund are |
16 | | subject to appropriation by the General Assembly. |
17 | | (3) The State Treasurer may transfer amounts from the |
18 | | State Treasurer's Administrative Fund and from the |
19 | | Unclaimed Property Trust Fund to the State Treasurer's |
20 | | Capital Fund. In no fiscal year may the total of such |
21 | | transfers exceed $500,000 or the amount appropriated by |
22 | | the General Assembly in a fiscal year for that purpose, |
23 | | whichever is greater $250,000 . The State Treasurer may |
24 | | accept gifts, grants, donations, federal funds, or other |
25 | | revenues or transfers for deposit into the State |
26 | | Treasurer's Capital Fund. |
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1 | | (4) After the effective date of this amendatory Act of |
2 | | the 102nd General Assembly and prior to July 1, 2022 the |
3 | | State Treasurer and State Comptroller shall transfer from |
4 | | the CDB Special Projects Fund to the State Treasurer's |
5 | | Capital Fund an amount equal to the unexpended balance of |
6 | | funds transferred by the State Treasurer to the CDB |
7 | | Special Projects Fund in 2019 and 2020 pursuant to an |
8 | | intergovernmental agreement between the State Treasurer |
9 | | and the Capital Development Board. |
10 | | (Source: P.A. 101-487, eff. 8-23-19; 102-16, eff. 6-17-21; |
11 | | 102-558, eff. 8-20-21.) |
12 | | Section 99. Effective date. This Act takes effect upon |
13 | | becoming law.". |