093_HC0017

 
                                     LRB093 04455 SJM 11864 e

 1                       HOUSE JOINT RESOLUTION
 2                      CONSTITUTIONAL AMENDMENT

 3        RESOLVED,  BY  THE  HOUSE  OF  REPRESENTATIVES   OF   THE
 4    NINETY-THIRD  GENERAL  ASSEMBLY OF THE STATE OF ILLINOIS, THE
 5    SENATE CONCURRING HEREIN, that there shall  be  submitted  to
 6    the  electors  of  the State for adoption or rejection at the
 7    general election next occurring at least 6 months  after  the
 8    adoption  of this resolution a proposition to amend Section 2
 9    of Article VIII of the Illinois Constitution as follows:

10                            ARTICLE VIII
11                               FINANCE

12        (ILCON Art. VIII, Sec. 2)
13    SECTION 2. STATE FINANCE
14        (a)  The Governor shall prepare and submit to the General
15    Assembly, at a time prescribed by law, a State budget for the
16    ensuing fiscal year. The budget shall set forth the estimated
17    balance of funds available for appropriation at the beginning
18    of the fiscal year, the estimated receipts, and  a  plan  for
19    expenditures  and obligations during the fiscal year of every
20    department, authority, public  corporation  and  quasi-public
21    corporation of the State, every State college and university,
22    and  every  other public agency created by the State, but not
23    of units of local government or school districts. The  budget
24    shall   also   set  forth  the  indebtedness  and  contingent
25    liabilities of the State and such other information as may be
26    required by law. Proposed expenditures shall not exceed funds
27    estimated to be available for the fiscal year as shown in the
28    budget.
29        (b)  The   General   Assembly   by   law    shall    make
30    appropriations  for  all  expenditures of public funds by the
31    State. Appropriations for a  fiscal  year  shall  not  exceed
32    funds  estimated  by  the  General  Assembly  to be available
 
                            -2-      LRB093 04455 SJM 11864 e
 1    during that year.
 2        (c)  The aggregate of appropriations for the  expenditure
 3    of  public  funds  by  the  State for a fiscal year shall not
 4    exceed the aggregate of appropriations for the expenditure of
 5    public funds by the State for the preceding  fiscal  year  by
 6    more  than  3%  or,  if  a  cost  of  living  index  has been
 7    designated by law for this purpose, the  percentage  increase
 8    from  the  previous  year in the cost of living based on that
 9    index, whichever is less. The General Assembly may exceed the
10    limit on the aggregate appropriations for the expenditure  of
11    public  funds  by  the  State  for  a  fiscal year only by an
12    affirmative  record  vote  of  three-fifths  of  the  members
13    elected to each house.
14    (Source: Illinois Constitution.)

15                              SCHEDULE
16        This Constitutional Amendment  takes  effect  upon  being
17    declared adopted in accordance with Section 7 of the Illinois
18    Constitutional Amendment Act.