94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
SB1358

 

Introduced 2/18/2005, by Sen. Chris Lauzen

 

SYNOPSIS AS INTRODUCED:
 
New Act

    Creates the State Expenditure Limitation Act. Provides that increases in State expenditures shall be limited to the percent growth of the Gross Domestic Product attributable to Illinois.


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FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB1358 LRB094 10983 BDD 41586 b

1     AN ACT in relation to State finance.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 1. Short title. This Act may be cited as the State
5 Expenditure Limitation Act.
 
6     Section 2. Limitation. Increases in State expenditures
7 shall be limited to the percent growth of the Gross Domestic
8 Product attributable to Illinois.