SB2481 amends the Illinois State Finance Act to remove the scheduled July 1, 2025 repeal of the Capital Development Board Revolving Fund. The bill keeps in place the statutory framework that creates the fund in the State treasury and directs that money received by the Capital Development Board from publications, copies, contract administration fees, charges, and reimbursements be deposited into that fund.
The bill also preserves the existing authorized uses of the fund, allowing appropriations for the Capital Development Board’s operating expenses such as personal services, retirement, social security, contractual services, legal services, travel, commodities, printing, equipment, electronic data processing, and telecommunications. It continues the provision allowing, beginning in fiscal year 2021, some fund money to be used by the Executive Ethics Commission for oversight and administration of the Chief Procurement Officer, and it maintains the restriction that unexpended balances may not be transferred to other funds.
Impact
If enacted, SB2481 would prevent the automatic repeal of Sections 5.857 and 6z-100 of the State Finance Act, thereby extending the life of the Capital Development Board Revolving Fund beyond July 1, 2025. This would preserve a dedicated financing mechanism for the Capital Development Board and related oversight functions, and it would continue existing statutory limits on how the fund’s revenues may be deposited, appropriated, and protected from transfer to other state funds.
Sentiment
No committee transcripts or recorded votes were provided, so there is no direct evidence of support or opposition in the available record. Based on the bill text alone, the measure appears administrative and noncontroversial, focused on continuing an existing fund rather than creating a new program or tax change.
Contention
The only apparent point of contention is whether the Capital Development Board Revolving Fund should continue to exist past its scheduled repeal date. Supporters would likely favor preserving a dedicated funding source for board operations and procurement-related oversight, while any opponents might question the need to extend a fund that was previously set to expire. No specific objections, amendments, or competing viewpoints are reflected in the provided materials.