SB 480 — Makes an appropriation to the Office of Finance in the Office of the Governor for a loan to the Office of the Chief Information Officer within the Office of the Governor for the replacement of uninterruptible power supply equipment and related expenses. (BDR S-1177)

EXEMPTSenate (ReprintedBill withNo. amendments adopted on May 26, 2025) FIRST REPRINT S.B.

480480–Committee SENATEon BFinance ILLNCHAPTER.......... O.

480–C OMMITTEE ON F INANCE (O NB EHALF OF THE OFFICE OF FINANCE IN THE OFFICE OF THE G OVERNOR ) M AY 15, 2025 ____________ Referred to Committee on Finance SUMMARY—Makes an appropriation to the Office of Finance in the Office of the Governor for a loan to the Office of the Chief Information Officer within the Office of the Governor for the replacement of uninterruptible power supply equipment and related expenses.

(BDR S-1177) FISCAL NOTE:

EfEffect on the State:

Contains Appropriation included in Executive Budget.

~ EXPLANATION – Matter in bolded italics is new;

matter between brackets [omitted material] is material to be omitted.

EXPLANATION – Matter in bolded italics is new;

matter between brackets [omitted material] is material to be omitted.

For the Fiscal Year 2025-2026..................................$790,902 For the Fiscal Year 2026-2027......................................$9,450 - *SB480_R1* – 2 – 2.

Commencing on July 1, 2027, the Chief Information Officer shall use revenues from intergovernmental transfers to repay the loan in annual installments to the State Treasurer for deposit in the State loan,General andFund. the loan must be fully repaid not later than the end of Fiscal Year 2030-2031.

Each annual installment must be 25 percent of the loan, and the loan must be fully repaid not later than the end of Fiscal Year 2030-2031.

Any balance of the sums appropriated by subsection 1 remaining at the end of the respective fiscal years must not be committed for expenditure after June 30 of the respective fiscal years by the entity to which the appropriation is made or any entity to which money from the appropriation is granted or otherwise transferred in any manner, and any portion of the appropriated money remaining must not be spent for any purpose after September 18, 2026, and September 17, 2027, respectively, by either the entity to which the money was appropriated or the entity to which the money was subsequently granted or transferred, and must be reverted to the State General Fund on or before September 18, 2026, and September 17, 2027, respectively.

H~~~~~ 25 - *SB480_R1*83rd Session (2025)