Public Act 101-0487
 
HB2836 EnrolledLRB101 08077 JRG 53140 b


  
    AN ACT concerning State government.
  
 
    Be it enacted by the People of the State of Illinois,
 
represented in the General Assembly:
  
 
 
    Section 5. The State Treasurer Act is amended  by adding 
Section 35 as follows:
 
    (15 ILCS 505/35 new)
    Sec. 35. State Treasurer may purchase real property.
    (a) Subject to the provisions of the Public Contract Fraud 
Act the State Treasurer, on behalf of the State of Illinois, is 
authorized during State fiscal years 2019 and 2020 to acquire 
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. Real property 
acquired under this Section may be acquired subject to any 
third party interests in the property that do not prevent the 
State Treasurer from exercising the intended beneficial use of 
such property.
    (b) Subject to the provisions of  the Treasurer's 
Procurement Rules, which shall be substantially in accordance 
with the requirements of the Illinois Procurement Code, the 
State Treasurer may:
        (1) enter into contracts relating to construction, 
    reconstruction or renovation projects for any such 
    buildings or lands acquired pursuant to paragraph (a); and
        (2) equip, lease, operate and maintain those grounds, 
    buildings and facilities as may be appropriate to carry out 
    his or her statutory purposes and duties.
    (c) 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 the Illinois Procurement Code.
    (d) The exercise of the authority vested in the Treasurer 
by this Section is subject to the appropriation of the 
necessary funds.
 
    Section 10. The State Finance Act is amended  by changing 
Section 8.12 as follows:
 


    (30 ILCS 105/8.12)
  (from Ch. 127, par. 144.12)



    Sec. 8.12. State Pensions Fund. 

    (a) The moneys in the State Pensions Fund shall be used 
exclusively
for the administration of the Revised Uniform 
Unclaimed Property Act and
for the expenses incurred by the 
Auditor General for administering the provisions of Section 
2-8.1 of the Illinois State Auditing Act and for operational 
expenses of the Office of the State Treasurer and for the 
funding of the unfunded liabilities of the designated 
retirement systems. For the purposes of this Section, 
"operational expenses of the Office of the State Treasurer" 
includes the acquisition of land and buildings in State fiscal 
years 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. 
Beginning in State fiscal year 2020, payments to the designated 
retirement systems under this Section shall be in addition to, 
and not in lieu of, any State contributions required under the 
Illinois Pension Code.

    "Designated retirement systems" means:

        (1) the State Employees' Retirement System of 
    Illinois;

        (2) the Teachers' Retirement System of the State of 
    Illinois;

        (3) the State Universities Retirement System;

        (4) the Judges Retirement System of Illinois; and

        (5) the General Assembly Retirement System.

    (b) Each year the General Assembly may make appropriations 
from
the State Pensions Fund for the administration of the 
Revised Uniform
Unclaimed Property Act.



    (c) As soon as possible after July 30, 2004 (the effective 
date of Public Act 93-839), the General Assembly shall 
appropriate from the State Pensions Fund (1) to the State 
Universities Retirement System the amount certified under 
Section 15-165 during the prior year, (2) to the Judges 
Retirement System of Illinois the amount certified under 
Section 18-140 during the prior year, and (3) to the General 
Assembly Retirement System the amount certified under Section 
2-134 during the prior year as part of the required
State 
contributions to each of those designated retirement systems; 
except that amounts appropriated under this subsection (c) in 
State fiscal year 2005 shall not reduce the amount in the State 
Pensions Fund below $5,000,000. If the amount in the State 
Pensions Fund does not exceed the sum of the amounts certified 
in Sections 15-165, 18-140, and 2-134 by at least $5,000,000,      
the amount paid to each designated retirement system under this 
subsection shall be reduced in proportion to the amount 
certified by each of those designated retirement systems.

    (c-5) For fiscal years 2006 through 2019, the General 
Assembly shall appropriate from the State Pensions Fund to the 
State Universities Retirement System the amount estimated to be 
available during the fiscal year in the State Pensions Fund; 
provided, however, that the amounts appropriated under this 
subsection (c-5) shall not reduce the amount in the State 
Pensions Fund below $5,000,000.

    (c-6) For fiscal year 2020 and each fiscal year thereafter, 
as soon as may be practical after any money is deposited into 
the State Pensions Fund from the Unclaimed Property Trust Fund, 
the State Treasurer shall apportion the deposited amount among 
the designated retirement systems as defined in subsection (a) 
to reduce their actuarial reserve deficiencies.  The State 
Comptroller and State Treasurer shall pay the apportioned 
amounts to the designated retirement systems to fund the 
unfunded liabilities of the designated retirement systems.  The 
amount apportioned to each designated retirement system shall 
constitute a portion of the amount estimated to be available 
for appropriation from the State Pensions Fund that is the same 
as that retirement system's portion of the total actual reserve 
deficiency of the systems, as determined annually by the 
Governor's Office of Management and Budget at the request of 
the State Treasurer. The amounts apportioned under this 
subsection shall not reduce the amount in the State Pensions 
Fund below $5,000,000. 
    (d) The
Governor's Office of Management and Budget shall 
determine the individual and total
reserve deficiencies of the 
designated retirement systems.  For this purpose,
the

Governor's Office of Management and Budget shall utilize the 
latest available audit and actuarial
reports of each of the 
retirement systems and the relevant reports and
statistics of 
the Public Employee Pension Fund Division of the Department of

Insurance.

    (d-1) As soon as practicable after March 5, 2004 (the 
effective date of Public Act 93-665), the Comptroller shall

direct and the Treasurer shall transfer from the State Pensions 
Fund to
the General Revenue Fund, as funds become available, a 
sum equal to the
amounts that would have been paid
from the 
State Pensions Fund to the Teachers' Retirement System of the 
State
of Illinois,
the State Universities Retirement System, 
the Judges Retirement
System of Illinois, the
General Assembly 
Retirement System, and the State Employees'
Retirement System

of Illinois
after March 5, 2004 (the effective date of Public 
Act 93-665) during the remainder of fiscal year 2004 to the

designated retirement systems from the appropriations provided 
for in
this Section if the transfers provided in Section 6z-61 
had not
occurred. The transfers described in this subsection 
(d-1) are to
partially repay the General Revenue Fund for the 
costs associated with
the bonds used to fund the moneys 
transferred to the designated
retirement systems under Section 
6z-61.

    (e) The changes to this Section made by Public Act 88-593 
shall
first apply to distributions from the Fund for State 
fiscal year 1996.

(Source: P.A. 99-8, eff. 7-9-15; 99-78, eff. 7-20-15; 99-523, 
eff. 6-30-16; 100-22, eff. 1-1-18; 100-23, eff. 7-6-17; 
100-587, eff. 6-4-18; 100-863, eff. 8-14-18.)


 
 
    Section 99. Effective date. This Act takes effect upon 
becoming law.