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Code · Illinois · Chapter 30 — FINANCE · Act 105

Sec. 24.11. "State contributions to Employees' Retirement System" defined.

122 words·~1 min read·/il/chapter-30/act-105/24-11

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Sec. 24.11. "State contributions to Employees' Retirement System" defined. The item "State contributions to Employees' Retirement System", when used in an appropriation Act, shall include an additional amount determined by the State Employees' Retirement System to be paid over by the State Employees' Retirement System to the General Obligation Bond Retirement and Interest Fund to be used to pay principal of and interest on those general obligation bonds due that fiscal year authorized by subsection
(a)of Section 7.2 of the General Obligation Bond Act and issued to provide the proceeds deposited by the State with the State Employees' Retirement System in July 2003, representing deposits other than amounts reserved under subsection
(c)of Section 7.2 of the General Obligation Bond Act.
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