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SB 2556

PERS; require to engage CEFEX-certified and affiliated investment firm for fiduciary assessment of funds and practices.

2025 Regular Session Introduced by Chad McMahan

Appropriates $49,367,400 to the Illinois Capital Development Board for FY2025 to fund personnel, benefits, operations, and school infra and energy transition projects.

Died In Committee
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Bill Summary · SB 2556

Summary — SB 2556 (Introduced) — Capital Development Board Appropriations

Note: The bill header provided referenced a different subject (PERS/CEFEX). The text below summarizes the introduced SB 2556 as filed for the 104th General Assembly, which is an appropriations bill for the Capital Development Board (CDB).

Main purpose

SB 2556 would appropriate funds to the Illinois Capital Development Board for the fiscal year beginning July 1, 2025, to support CDB personnel, benefits, operations, program administration, and specific projects (including school infrastructure and energy transition work).

Key provisions and dollar amounts

  • Total appropriated: $49,367,400
    • From General Revenue (General Funds): $500,000
    • From Other State Funds: $48,867,400
  • Detailed fund breakdown:
    • Payable from the Capital Development Fund — Total $12,789,400, including:
    • Personal Services: $6,964,000
    • State retirement contributions: $3,237,300
    • Social Security: $529,700
    • Group insurance: $2,058,400
    • Payable from the Capital Development Board Revolving Fund — Total $34,978,000, including:
    • Personal Services: $13,660,400
    • Retirement contributions: $6,350,200
    • Social Security: $1,043,000
    • Group insurance: $3,884,400
    • Contractual Services: $3,000,000
    • Facility Condition Assessments and Analyses: $2,500,000
    • Project Management Tracking: $2,500,000
    • Other operational items (travel, commodities, equipment, EDP, telecommunications, etc.)
    • Payable from the School Infrastructure Fund: $600,000 (for operations related to the School Infrastructure Program)
    • Payable from the Energy Assistance Fund: $500,000 (for CDB operational expenses and administration related to the Energy Transition Act, including adoption of the Illinois Stretch Energy Code)
    • Reappropriation: $500,000 from prior appropriation (Public Act 103‑0589) reappropriated from the General Revenue Fund to CDB for the Mechanical Insulation Energy and Safety Assessment Pilot Program (if unexpended by June 30, 2025)
  • Effective date: July 1, 2025

Who would be affected

  • Capital Development Board operations and staff (funding for salaries, benefits, and operating costs)
  • Contractors and vendors engaged for facility condition assessments, project management tracking, and contractual services
  • School Infrastructure Program administration (operational funding)
  • Energy transition initiatives administered by CDB (stretch energy code adoption; mechanical insulation pilot)
  • State budgetary accounts identified above

Legislative status and timeline

  • Introduced/Filed: February 25, 2025 (Sen. Elgie R. Sims, Jr., primary sponsor)
  • Read first time / Referred to committee: April 3, 2025 (referred to State Affairs per record)
  • Status: Died In Committee (per legislative history)
  • If enacted, provisions take effect July 1, 2025

Notes / Observations

  • The bill is an annual-style appropriation for a single agency (CDB) with targeted operational and program spending lines rather than a policy change.
  • Because the measure died in committee, the appropriations did not become law; the CDB would not receive these authorized amounts from SB 2556 unless similar funding appears in other enacted legislation.

Compiled from official sources — confirm details with the bill’s official record.

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