HB1410 - 104th General Assembly
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| 1 | AN ACT concerning finance. | |||||||||||||||||||
| 2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||
| 3 | represented in the General Assembly: | |||||||||||||||||||
| 4 | Section 1. Short title. This Act may be cited as the | |||||||||||||||||||
| 5 | Taxpayers' Fiscal Charter Act. | |||||||||||||||||||
| 6 | Section 5. Definitions. As used in this Act: | |||||||||||||||||||
| 7 | "Backlog payment cycle" means the time between a | |||||||||||||||||||
| 8 | submission of a proper bill or invoice to the State | |||||||||||||||||||
| 9 | Comptroller for payment and the issuing of that payment. | |||||||||||||||||||
| 10 | "Discretionary spending" means any spending not mandated | |||||||||||||||||||
| 11 | by federal or State law or court order. | |||||||||||||||||||
| 12 | "Unfunded mandate" means a law requiring a unit of local | |||||||||||||||||||
| 13 | government or school district to expend money without | |||||||||||||||||||
| 14 | accompanying money from the State. | |||||||||||||||||||
| 15 | Section 10. Discretionary spending freeze. | |||||||||||||||||||
| 16 | (a) The General Assembly shall freeze all discretionary | |||||||||||||||||||
| 17 | spending during fiscal years 2026 and 2027. The General | |||||||||||||||||||
| 18 | Assembly shall not expand any existing programs or create new | |||||||||||||||||||
| 19 | programs requiring the expenditure of additional money. | |||||||||||||||||||
| 20 | (b) Beginning in fiscal year 2028, the General Assembly | |||||||||||||||||||
| 21 | may create new programs or expand existing programs requiring | |||||||||||||||||||
| 22 | the expenditure of additional money only if the State's | |||||||||||||||||||
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| 1 | backlog payment cycle is 30 days or less and the State has made | ||||||
| 2 | its full pension payment for the fiscal year, as actuarially | ||||||
| 3 | determined. | ||||||
| 4 | Section 15. Pay as you go. If the provisions of Section 10 | ||||||
| 5 | of this Act are satisfied, any new spending proposed by the | ||||||
| 6 | General Assembly in addition to existing obligations shall be | ||||||
| 7 | accompanied by a proposed source of revenue to pay for the | ||||||
| 8 | proposed spending or specified cuts necessary to offset the | ||||||
| 9 | proposed spending. | ||||||
| 10 | Section 20. Unfunded mandates; prohibition. | ||||||
| 11 | Notwithstanding any other provisions of law to the contrary, | ||||||
| 12 | the State shall not impose any unfunded mandates on a school | ||||||
| 13 | district or other unit of local government. No school district | ||||||
| 14 | or other unit of local government shall be required to comply | ||||||
| 15 | with an unfunded mandate until the mandate is no longer | ||||||
| 16 | unfunded. | ||||||
| 17 | Section 25. Appropriations requirements. | ||||||
| 18 | (a) Before the General Assembly passes and the Governor | ||||||
| 19 | signs any appropriations law, the State Comptroller shall | ||||||
| 20 | publish the State's estimated income, balance sheet, cash | ||||||
| 21 | flow, and surplus or deficit. | ||||||
| 22 | (b) No appropriations bill shall be voted on for third | ||||||
| 23 | reading unless the bill, as amended, has been available for 72 | ||||||
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| 1 | hours on the General Assembly's website. | ||||||
| 2 | Section 99. Effective date. This Act takes effect upon | ||||||
| 3 | becoming law. | ||||||
