Illinois Compiled Statutes 40 ILCS 15/1.2 – Appropriations for the State Employees’ Retirement System
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(a) From each fund from which an amount is appropriated for personal services to a department or other employer under Article 14 of the Illinois Pension Code, there is hereby appropriated to that department or other employer, on a continuing annual basis for each State fiscal year, an additional amount equal to the amount, if any, by which (1) an amount equal to the percentage of the personal services line item for that department or employer from that fund for that fiscal year that the Board of Trustees of the State Employees’ Retirement System of Illinois has certified under § 14-135.08 of the Illinois Pension Code to be necessary to meet the State’s obligation under § 14-131 of the Illinois Pension Code for that fiscal year, exceeds (2) the amounts otherwise appropriated to that department or employer from that fund for State contributions to the State Employees’ Retirement System for that fiscal year.
(a-1) (Blank).
(a-2) (Blank).
(a-3) (Blank).
(a-4) If a Prior Fiscal Year Shortfall is certified under subsection (k) of § 14-131 of the Illinois Pension Code, there is hereby appropriated to the State Employees’ Retirement System of Illinois on a continuing basis from the General Revenue Fund an additional aggregate amount equal to the Prior Fiscal Year Shortfall.
(b) The continuing appropriations provided for by this Section shall first be available in State fiscal year 1996.
(c) Beginning in Fiscal Year 2005, any continuing appropriation under this Section arising out of an appropriation for personal services from the Road Fund to the Illinois State Police or the Secretary of State shall be payable from the General Revenue Fund rather than the Road Fund.
(d) (Blank).
(e) (Blank).
(f) (Blank).
(a-1) (Blank).
Terms Used In Illinois Compiled Statutes 40 ILCS 15/1.2
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
(a-2) (Blank).
(a-3) (Blank).
(a-4) If a Prior Fiscal Year Shortfall is certified under subsection (k) of § 14-131 of the Illinois Pension Code, there is hereby appropriated to the State Employees’ Retirement System of Illinois on a continuing basis from the General Revenue Fund an additional aggregate amount equal to the Prior Fiscal Year Shortfall.
(b) The continuing appropriations provided for by this Section shall first be available in State fiscal year 1996.
(c) Beginning in Fiscal Year 2005, any continuing appropriation under this Section arising out of an appropriation for personal services from the Road Fund to the Illinois State Police or the Secretary of State shall be payable from the General Revenue Fund rather than the Road Fund.
(d) (Blank).
(e) (Blank).
(f) (Blank).