HB2240 Enrolled LRB096 11004 RCE 21289 b

1     AN ACT in relation to budget implementation.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
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.
9     (a) The Governor shall, as soon as possible and not later
10 than the second third Wednesday in March in 2010 2009 (March
11 10, 2010 18, 2009) and the third Wednesday in February of each
12 year beginning in 2011 2010, except as otherwise provided in
13 this Section, submit a State budget, embracing therein the
14 amounts recommended by the Governor to be appropriated to the
15 respective departments, offices, and institutions, and for all
16 other public purposes, the estimated revenues from taxation,
17 the estimated revenues from sources other than taxation, and an
18 estimate of the amount required to be raised by taxation. The
19 amounts recommended by the Governor for appropriation to the
20 respective departments, offices and institutions shall be
21 formulated according to the various functions and activities
22 for which the respective department, office or institution of
23 the State government (including the elective officers in the

 

 

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1 executive department and including the University of Illinois
2 and the judicial department) is responsible. The amounts
3 relating to particular functions and activities shall be
4 further formulated in accordance with the object
5 classification specified in Section 13 of the State Finance
6 Act.
7     The Governor shall not propose expenditures and the General
8 Assembly shall not enact appropriations that exceed the
9 resources estimated to be available, as provided in this
10 Section.
11     For the purposes of Article VIII, Section 2 of the 1970
12 Illinois Constitution, the State budget for the following funds
13 shall be prepared on the basis of revenue and expenditure
14 measurement concepts that are in concert with generally
15 accepted accounting principles for governments:
16         (1) General Revenue Fund.
17         (2) Common School Fund.
18         (3) Educational Assistance Fund.
19         (4) Road Fund.
20         (5) Motor Fuel Tax Fund.
21         (6) Agricultural Premium Fund.
22     These funds shall be known as the "budgeted funds". The
23 revenue estimates used in the State budget for the budgeted
24 funds shall include the estimated beginning fund balance, plus
25 revenues estimated to be received during the budgeted year,
26 plus the estimated receipts due the State as of June 30 of the

 

 

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1 budgeted year that are expected to be collected during the
2 lapse period following the budgeted year, minus the receipts
3 collected during the first 2 months of the budgeted year that
4 became due to the State in the year before the budgeted year.
5 Revenues shall also include estimated federal reimbursements
6 associated with the recognition of Section 25 of the State
7 Finance Act liabilities. For any budgeted fund for which
8 current year revenues are anticipated to exceed expenditures,
9 the surplus shall be considered to be a resource available for
10 expenditure in the budgeted fiscal year.
11     Expenditure estimates for the budgeted funds included in
12 the State budget shall include the costs to be incurred by the
13 State for the budgeted year, to be paid in the next fiscal
14 year, excluding costs paid in the budgeted year which were
15 carried over from the prior year, where the payment is
16 authorized by Section 25 of the State Finance Act. For any
17 budgeted fund for which expenditures are expected to exceed
18 revenues in the current fiscal year, the deficit shall be
19 considered as a use of funds in the budgeted fiscal year.
20     Revenues and expenditures shall also include transfers
21 between funds that are based on revenues received or costs
22 incurred during the budget year.
23     Appropriations for expenditures shall also include all
24 anticipated statutory continuing appropriation obligations
25 that are expected to be incurred during the budgeted fiscal
26 year.

 

 

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1     By March 15 of each year, the Commission on Government
2 Forecasting and Accountability shall prepare revenue and fund
3 transfer estimates in accordance with the requirements of this
4 Section and report those estimates to the General Assembly and
5 the Governor.
6     For all funds other than the budgeted funds, the proposed
7 expenditures shall not exceed funds estimated to be available
8 for the fiscal year as shown in the budget. Appropriation for a
9 fiscal year shall not exceed funds estimated by the General
10 Assembly to be available during that year.
11     (b) This subsection applies only to the process for the
12 proposed fiscal year 2011 budget.
13     By February 24, 2010, the Governor must file a written
14 report with the Secretary of the Senate and the Clerk of the
15 House of Representatives containing the following:
16         (1) for fiscal year 2010, the revenues for all budgeted
17     funds, both actual to date and estimated for the full
18     fiscal year;
19         (2) for fiscal year 2010, the expenditures for all
20     budgeted funds, both actual to date and estimated for the
21     full fiscal year;
22         (3) for fiscal year 2011, the estimated revenues for
23     all budgeted funds, including without limitation the
24     affordable General Revenue Fund appropriations, for the
25     full fiscal year; and
26         (4) for fiscal year 2011, an estimate of the

 

 

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1     anticipated liabilities for all budgeted funds, including
2     without limitation the affordable General Revenue Fund
3     appropriations, debt service on bonds issued, and the
4     State's contributions to the pension systems, for the full
5     fiscal year.
6     Between February 24, 2010 and March 10, 2010, the members
7 of the General Assembly and members of the public may make
8 written budget recommendations to the Governor, and the
9 Governor shall promptly make those recommendations available
10 to the public through the Governor's Internet website.
11 (Source: P.A. 96-1, eff. 2-17-09; 96-320, eff. 1-1-10; revised
12 9-4-09.)
 
13     Section 99. Effective date. This Act takes effect upon
14 becoming law.