Illinois 2023-2024 Regular Session

Illinois House Bill HB2636

Introduced

2/15/23

Refer

2/16/23

Introduced

2/15/23

Refer

2/16/23

Caption

$APPROP-STATE TREASURER

Impact

The bill's passage is expected to ensure the state can meet its financial obligations regarding past debts while maintaining the ongoing operational needs of the State Treasurer's office. By appropriating funds to service state bonded indebtedness, HB2636 aims to enhance the financial stability of Illinois, promoting confidence among investors and taxpayers concerning the management of state finances.

Summary

House Bill 2636, introduced in the Illinois General Assembly, concerns appropriations from various state funds to the Office of the State Treasurer for the fiscal year 2023-2024. The bill allocates specific amounts for operational expenses, including $14,126,850 from the State Treasurer’s Administrative Fund to cover various administrative costs. It also stipulates funds for refunds related to tax cases and operational expenses for the State Pensions Fund, among others. Notably, the bill includes significant appropriations aimed at covering the principal and interest payments on state bonds totaling over $3.5 billion, targeting commitments under multiple bond acts.

Contention

While appropriations bills typically face limited contention, potential points of debate may arise surrounding the scale of appropriations designated for various programs and the implications for the state budget. Some legislators may express concerns about the long-term impacts of debt management on state funds or advocate for reallocating certain appropriations to programs that directly benefit constituents, such as education or healthcare services. However, as the bill primarily focuses on necessary operational costs and debt obligations, substantive opposition might be less pronounced.

Latest IL HB2636 Activity

View All Events: IL 2023-2024 Regular Session HB2636

Companion Bills

No companion bills found.

Previously Filed As

IL SB3045

Appropriation; Treasurer's Office.

IL SB2040

Appropriation; Treasurer's Office.

IL SB3099

Appropriation; Treasurer's Office.

IL HB3920

$STATE TREASURER

IL SB2602

$STATE TREASURER

IL LB624

Appropriate funds to the State Treasurer for education scholarships

IL HB1005

The salary of the state treasurer; and to declare an emergency.

IL HB1005

AN ACT to provide an appropriation for defraying the expenses of the state treasurer; to amend and reenact section 54-11-13 of the North Dakota Century Code, relating to the salary of the state treasurer; and to declare an emergency.

IL SB4085

$FY27 TREASURER

IL HB5713

$FY27 TREASURER

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