HB1556 98TH GENERAL ASSEMBLY

LRB098 07900 JWD 37986 b

98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB1556

Introduced , by Rep. Ron Sandack - Tom Cross

SYNOPSIS AS INTRODUCED:

25 ILCS 65/3	from Ch. 63, par. 42.73
25 ILCS 65/7	from Ch. 63, par. 42.77

Amends the State Debt Impact Note Act. Provides that no bill or amendment which proposes to increase or add new long term debt authorization or would require, through appropriation, the use of bond financed funds may be called on third reading for final action unless a State Debt Impact Note has been filed. Deletes provisions allowing a majority of the members of a chamber of the General Assembly to vote to determine whether a State Debt Impact Note must be filed. Effective immediately.

A BILL FOR

AN ACT concerning State government.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The State Debt Impact Note Act is amended by changing Sections 3 and 7 as follows:

(25 ILCS 65/3) (from Ch. 63, par. 42.73)

Sec. 3. The Commission on Government Forecasting and Accountability shall prepare a written State Debt Impact Note in relation to each any bill introduced in either house of the General Assembly which proposes to increase or add new long term debt authorization or would require, through appropriation, the use of bond financed funds. Upon the assignment of any such bill to Committee, the chairperson of the Committee on Assignments in the House of Representatives or the chairperson of the Committee on Assignment of Bills in the Senate shall forward the bill to the Commission on Government Forecasting and Accountability which shall prepare such a note within 7 calendar days after receiving the request and the bill shall be held on second reading until the note has been received, except that whenever, because of the complexity of the measure, additional time is required for preparation of the note, the Commission may so inform the sponsor of the bill, who may approve an extension of the time within which the note is to be furnished for an additional 7 calendar days. Copies of each State Debt Impact Note shall be furnished by the Commission to the presiding officer of each house, the minority leader of each house, the Clerk of the House of Representatives, the Secretary of the Senate, the sponsor of the bill which is the subject of the note, the member, if any, who initiated the request for the note, the Chairperson and Minority Spokespersons of the House and Senate Appropriations and Revenue Committees.

In no case shall a bill which proposes to increase or add new long term debt authorization or would require, through appropriation, the use of bond financed funds be called on third reading for final action unless the State Debt Impact Note required under this Section has been furnished by the Commission to the persons and offices set forth above.

(Source: P.A. 93-1067, eff. 1-15-05.)

(25 ILCS 65/7) (from Ch. 63, par. 42.77)

Sec. 7. Whenever any committee of either house reports any bill which is required by this Act to have a State Debt Impact Note long-term debt note with an amendment or whenever any bill is amended on the floor of either house in such manner as to substantially affect the impact of the bill on the State's debt service capacity, the Commission on Government Forecasting and Accountability shall upon request by any member of the house by which the bill is being considered prepare a new or revised State Debt Impact Note in relation to the amended bill. Copies of each new or revised State Debt Impact Note shall be furnished to the persons named in Section 2.

In no case shall a bill which has been amended in a manner which proposes to increase or add new long term debt authorization or would require, through appropriation, the use of bond financed funds be called on third reading for final action unless the State Debt Impact Note required under this Section has been furnished by the Commission to the persons and offices set forth in Section 2.

Whenever any member of either House is of the opinion that a State Debt Impact Note should be prepared on any bill and such note has not been requested, the member may at any time before the bill is moved to third reading request that such a note be obtained, in which case the bill shall be submitted to the Commission on Government Forecasting and Accountability for preparation of the note. If the sponsor is of the opinion that a long-term debt note is not required, the matter shall be decided by majority vote of those present and voting in the House of which he is a member.

(Source: P.A. 93-1067, eff. 1-15-05.)

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