94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
SB1358


 
Introduced 2/18/2005, by Sen. Chris Lauzen
 
SYNOPSIS AS INTRODUCED:
 		












New Act











    Creates the State Expenditure Limitation Act.
Provides that
increases in State expenditures shall be limited to
the percent growth of the Gross Domestic Product attributable to Illinois.
















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FISCAL NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











SB1358

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1
    AN ACT in relation to State 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 State 
5
Expenditure
Limitation Act.



 
6
    Section 2. Limitation.
Increases in State expenditures 
7
shall be limited to
the percent growth of the Gross Domestic 
8
Product attributable to Illinois.