093_HB2451

 
                                     LRB093 10936 RCE 11496 b

 1        AN ACT concerning the budget emergency.

 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    Emergency Budget Act of Fiscal Year 2003.

 6        Section 5.  Contingency reserves.
 7        (a)  The Governor may designate as  contingency  reserves
 8    for  each executive State agency that is directly responsible
 9    to the Governor an amount no greater than  5%  of  the  total
10    appropriations  made  from  the  General Revenue Fund to that
11    executive State agency that is directly  responsible  to  the
12    Governor.  In  addition,  the  Governor  may  designate  as a
13    contingency  reserve  an  amount  no  greater  than  5%  from
14    appropriations  of  State  funds  to  the  State   Board   of
15    Education,  except  that  no  reserve  may be designated from
16    payments to be made under Section 18-8.05 of the School Code.
17    In  addition,  the  Governor  may  designate  as  contingency
18    reserves  an  amount  no  greater  than  5%  of   the   total
19    appropriations  of  State funds for higher education purposes
20    to each agency, board, commission,  or  university  receiving
21    funding for higher education purposes.
22        (b)  Appropriated  amounts  designated  as  a contingency
23    reserve may not be obligated, encumbered, or expended.
24        (c)  Any periodic  transfers  or  expenditures  that  are
25    based   upon   amounts   appropriated   must  be  reduced  to
26    accommodate a contingency reserve.  Any  necessary  proration
27    of  periodic  payments from the General Revenue Fund shall be
28    distributed equally among  the  remaining  payments  for  the
29    fiscal year.
30        (d)  In  this  Section,  "executive  State agency that is
31    directly responsible  to  the  Governor"  means  any  office,
 
                            -2-      LRB093 10936 RCE 11496 b
 1    officer,  division,  or  part  thereof, and any other office,
 2    nonelective officer, department, division, bureau, board,  or
 3    commission  in  the  executive  branch  of  State government,
 4    except that it does not apply to  any  agency  whose  primary
 5    function  is  service to the General Assembly or the Judicial
 6    Branch of State government, or to any agency administered  by
 7    the  Attorney General, Secretary of State, State Comptroller,
 8    or State Treasurer.
 9        (e)  This Section  applies  only  to  appropriations  for
10    State fiscal year 2003.

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