Public Act 1354 96TH GENERAL ASSEMBLY

HB6268 Enrolled LRB096 18668 RCE 34052 b

Public Act 096-1354

AN ACT concerning State government.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Governor's Office of Management and Budget Act is amended by adding Section 7.3 as follows:

(20 ILCS 3005/7.3 new)

Sec. 7.3. Annual economic and fiscal policy report. By January 1 of each year, the Governor's Office of Management and Budget shall submit an economic and fiscal policy report to the General Assembly. The report must outline the long-term economic and fiscal policy objectives of the State, the economic and fiscal policy intentions for the upcoming fiscal year, and the economic and fiscal policy intentions for the following 2 fiscal years. The report must highlight the total level of revenue, expenditure, deficit or surplus, and debt with respect to each of the reporting categories. The report must be posted on the Office's Internet website and allow members of the public to post comments concerning the report.

Section 99. Effective date. This Act takes effect upon becoming law.

Effective Date: 7/28/2010