Bill Status of HJRCA 60   96th General Assembly

Short Description:  CONAMEND-LIMIT APPROP/TRANSFER

House Sponsors
Rep. Keith Farnham

Last Action  View All Actions

DateChamber Action
  1/11/2011HouseSession Sine Die

 
ILCON Art. VIII, Sec. 2.1 new 

Synopsis As Introduced
Proposes to amend the Finance Article of the Illinois Constitution. Beginning in Fiscal Year 2014, limits aggregate appropriations and transfers from the State's general funds in a fiscal year to the aggregate appropriations and transfers in the previous fiscal year, as adjusted by the 5-year average annual change in per capita personal income. Allows the Governor to declare a fiscal emergency. If the Comptroller and Treasurer concur in the Governor's declaration, then the General Assembly, by a three-fifths vote, may authorize appropriations and transfers by law that exceed the limitation. Requires excess revenues to be deposited into budget stabilization funds, and allows certain excess funds to be refunded. Effective upon being declared adopted.

Actions 
DateChamber Action
  12/1/2010HouseFiled with the Clerk by Rep. Keith Farnham
  12/6/2010HouseRead in Full a First Time
  12/6/2010HouseReferred to Rules Committee
  12/8/2010HouseAssigned to State Government Administration Committee
  1/11/2011HouseSession Sine Die

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