Date	Chamber	Action
1/11/2011	House	Session 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 

Date	Chamber	Action
12/27/2010	House	Filed with the Clerk by Rep. Keith Farnham
12/28/2010	House	Read in Full a First Time
12/28/2010	House	Referred to Rules Committee
12/28/2010	House	Final Action Deadline Extended-9(b) January 11, 2011
12/28/2010	House	Assigned to State Government Administration Committee
1/3/2011	House	Do Pass / Short Debate State Government Administration Committee; 010-004-000
1/3/2011	House	Placed on Calendar 2nd Reading - Short Debate
1/3/2011	House	Read in Full a Second Time
1/3/2011	House	Held on Calendar Order of Second Reading - Short Debate
1/3/2011	House	Chief Sponsor Changed to Rep. Michael J. Madigan
1/3/2011	House	Added Chief Co-Sponsor Rep. Keith Farnham
1/4/2011	House	Read in Full a Third Time
1/4/2011	House	Placed on Calendar Order of 3rd Reading - Short Debate
1/4/2011	House	Added Chief Co-Sponsor Rep. Jack D. Franks
1/5/2011	House	House Floor Amendment No. 1 Filed with Clerk by Rep. Mike Bost
1/5/2011	House	House Floor Amendment No. 1 Referred to Rules Committee
1/11/2011	House	Session Sine Die

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