Illinois General Assembly - Bill Status for HB4244
Illinois General Assembly

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 Bill Status of HB4244  93rd General Assembly


Short Description:  BUDGET STABILIZATION-TRANSFERS

House Sponsors
Rep. Jim Watson

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 105/6z-51


Synopsis As Introduced
Amends the State Finance Act. At the end of each fiscal year when the State has a cash balance in excess of $750,000,000, requires that the excess be transferred into the Budget Stabilization Fund. Conditions the State Comptroller's authority to use the Fund to meet deficits and shortfalls upon the agreement of the State Treasurer and advance approval of the General Assembly by adoption of a joint resolution. Effective immediately.

Actions 
DateChamber Action
  1/28/2004HouseFiled with the Clerk by Rep. Jim Watson
  1/30/2004HouseFirst Reading
  1/30/2004HouseReferred to Rules Committee
  1/11/2005HouseSession Sine Die

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