93RD GENERAL ASSEMBLY
State of Illinois
HB7190
Introduced 2/19/2004, by Rep. Michael J. Madigan - Gary Hannig - Ricca Slone
SYNOPSIS AS INTRODUCED:
Makes appropriations for expenses of the Teachers Retirement System for the fiscal year beginning July 1, 2004, as follows:
General Revenue Fund $735,601,000
Other State Funds 44,190,000
Total $779,791,000
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OMB093 00283 RJW 40077 b
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AN ACT concerning appropriations.
Be it enacted by the People of the State of Illinois, represented in the General Assembly:
Section 5. The following amounts, or so much thereof as may be necessary, respectively, are appropriated to the Teachers' Retirement System of the State of Illinois for the State's contributions, as provided by law:
Payable from the Common School Fund......... $422,763,000
Payable from the Education
Assistance Fund............................. 300,000,000
Payable from the General
Revenue Fund.................................. 9,738,000
Total..................................... $732,501,000
Section 10. The following named amount, or so much thereof as may be necessary, respectively, is appropriated from the General Revenue Fund to the Teachers' Retirement System for the objects and purposes hereinafter named:
For additional costs due to the establishment
of minimum retirement allowances
pursuant to Sections 16-136.2 and
16-136.3 of the "Illinois
Pension Code", as amended.................... $3,100,000
Total $3,100,000
Section 15. The sum of $44,190,000, minus the amount transferred to the Teachers' Retirement System pursuant to continuing appropriation authorized by the State Pensions Fund Continuing Appropriation Act, is appropriated from the State Pensions Fund to the Board of Trustees of the Teachers'
Retirement System pursuant to the provisions of Section 8.12 of "AN ACT in relation to State finance", approved June 10, 1919, as amended.
Section 99. Effective date. This Act takes effect on July 1, 2004.