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| 1 | AN ACT concerning State government.
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| 2 | Be it enacted by the People of the State of Illinois, | ||||||
| 3 | represented in the General Assembly:
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| 4 | Section 5. The State Budget Law of the Civil Administrative | ||||||
| 5 | Code of Illinois is amended by changing Section 50-5 as | ||||||
| 6 | follows: | ||||||
| 7 | (15 ILCS 20/50-5) | ||||||
| 8 | Sec. 50-5. Governor to submit State budget. The Governor | ||||||
| 9 | shall, as soon as
possible and not later than the fourth third
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| 10 | Wednesday in March in 2010 2009 (March 24, 2010 18, 2009) and | ||||||
| 11 | the third
Wednesday in February of each year beginning in 2011 | ||||||
| 12 | 2010, except as otherwise provided in this Section, submit a
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| 13 | State budget, embracing therein the amounts recommended by the | ||||||
| 14 | Governor to be
appropriated to the respective departments, | ||||||
| 15 | offices, and institutions, and
for all other public purposes, | ||||||
| 16 | the estimated revenues from taxation, the
estimated revenues | ||||||
| 17 | from sources other than taxation, and an estimate of the
amount | ||||||
| 18 | required to be raised by taxation. The amounts recommended by | ||||||
| 19 | the
Governor for appropriation to the respective departments, | ||||||
| 20 | offices and
institutions shall be formulated according to the | ||||||
| 21 | various functions and
activities for which the respective | ||||||
| 22 | department, office or institution of
the State government | ||||||
| 23 | (including the elective officers in the executive
department | ||||||
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| 1 | and including the University of Illinois and the judicial
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| 2 | department) is responsible. The amounts relating to particular | ||||||
| 3 | functions
and activities shall be further formulated in | ||||||
| 4 | accordance with the object
classification specified in Section | ||||||
| 5 | 13 of the State Finance Act. | ||||||
| 6 | The Governor shall not propose expenditures and the General | ||||||
| 7 | Assembly shall
not enact appropriations that exceed the | ||||||
| 8 | resources estimated to be available,
as provided in this | ||||||
| 9 | Section. | ||||||
| 10 | For the purposes of Article VIII, Section 2 of the 1970
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| 11 | Illinois Constitution, the State budget for the following funds | ||||||
| 12 | shall be
prepared on the basis of revenue and expenditure | ||||||
| 13 | measurement concepts that are
in concert with generally | ||||||
| 14 | accepted accounting principles for governments: | ||||||
| 15 | (1) General Revenue Fund. | ||||||
| 16 | (2) Common School Fund. | ||||||
| 17 | (3) Educational Assistance Fund. | ||||||
| 18 | (4) Road Fund. | ||||||
| 19 | (5) Motor Fuel Tax Fund. | ||||||
| 20 | (6) Agricultural Premium Fund. | ||||||
| 21 | These funds shall be known as the "budgeted funds". The | ||||||
| 22 | revenue
estimates used in the State budget for the budgeted | ||||||
| 23 | funds shall include the
estimated beginning fund balance, plus
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| 24 | revenues estimated to be received during the budgeted year, | ||||||
| 25 | plus the estimated
receipts due the State as of June 30 of the | ||||||
| 26 | budgeted year that are expected to
be collected during the | ||||||
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| 1 | lapse period following the budgeted year, minus the
receipts | ||||||
| 2 | collected during the first 2 months of the budgeted year that | ||||||
| 3 | became
due to the State in the year before the budgeted year. | ||||||
| 4 | Revenues shall also
include estimated federal reimbursements | ||||||
| 5 | associated with the recognition of
Section 25 of the State | ||||||
| 6 | Finance Act liabilities. For any budgeted fund
for which | ||||||
| 7 | current year revenues are anticipated to exceed expenditures, | ||||||
| 8 | the
surplus shall be considered to be a resource available for | ||||||
| 9 | expenditure in the
budgeted fiscal year. | ||||||
| 10 | Expenditure estimates for the budgeted funds included in | ||||||
| 11 | the State budget
shall include the costs to be incurred by the | ||||||
| 12 | State for the budgeted year,
to be paid in the next fiscal | ||||||
| 13 | year, excluding costs paid in the budgeted year
which were | ||||||
| 14 | carried over from the prior year, where the payment is | ||||||
| 15 | authorized by
Section
25 of the State Finance Act. For any | ||||||
| 16 | budgeted fund
for which expenditures are expected to exceed | ||||||
| 17 | revenues in the current fiscal
year, the deficit shall be | ||||||
| 18 | considered as a use of funds in the budgeted fiscal
year. | ||||||
| 19 | Revenues and expenditures shall also include transfers | ||||||
| 20 | between funds that are
based on revenues received or costs | ||||||
| 21 | incurred during the budget year. | ||||||
| 22 | Appropriations for expenditures shall also include all | ||||||
| 23 | anticipated statutory continuing appropriation obligations | ||||||
| 24 | that are expected to be incurred during the budgeted fiscal | ||||||
| 25 | year. | ||||||
| 26 | By
March 15 of each year, the
Commission on Government | ||||||
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| 1 | Forecasting and Accountability shall prepare
revenue and fund | ||||||
| 2 | transfer estimates in accordance with the requirements of this
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| 3 | Section and report those estimates to the General Assembly and | ||||||
| 4 | the Governor. | ||||||
| 5 | For all funds other than the budgeted funds, the proposed | ||||||
| 6 | expenditures shall
not exceed funds estimated to be available | ||||||
| 7 | for the fiscal year as shown in the
budget. Appropriation for a | ||||||
| 8 | fiscal year shall not exceed funds estimated by
the General | ||||||
| 9 | Assembly to be available during that year. | ||||||
| 10 | (Source: P.A. 96-1, eff. 2-17-09; 96-320, eff. 1-1-10; revised | ||||||
| 11 | 9-4-09.)
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| 12 | Section 99. Effective date. This Act takes effect January | ||||||
| 13 | 1, 2010.
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