Bill Status of HJRCA0038 100th General Assembly
Short Description: APPROPRATIONS-RATE OF GROWTH
Rep. Allen Skillicorn
|ILCON Art. VIII, Sec. 5 new|| |
Synopsis As Introduced
Proposes to amend the Finance Article of the Illinois Constitution. Provides that in no fiscal year shall the rate of growth of General Revenue Fund appropriations over the preceding fiscal year exceed the rate of growth of the Illinois economy. Provides that if the General Assembly by adoption of a resolution approved by a record vote of a majority of the members of each house finds that an emergency exists and identifies the nature of the emergency, the General Assembly may provide for appropriations in excess of the amount authorized. Provides that the authorized excess amount may not exceed the amount specified in the resolution. Effective upon being declared adopted.