Illinois General Assembly - Bill Status for SB4230

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Bill Status of SB4230 98th General Assembly

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Short Description: FINANCE-BUDGET STABILIZATION

Senate Sponsors
Sen. Doris Turner - Suzy Glowiak Hilton

Last Action

Date	Chamber	Action
1/10/2023	Senate	Session Sine Die

Statutes Amended In Order of Appearance

Synopsis As Introduced
Amends the State Budget Law of the Civil Administrative Code of Illinois. Provides that "general funds" or "State general funds" as used under the Act includes the Pension Stabilization Fund. Amends the State Finance Act. Provides that for Fiscal Year 2024 and subsequent fiscal years, any transfers into the Budget Stabilization Fund may be transferred to the General Revenue Fund in order for the Comptroller to address outstanding vouchers, and shall not be subject to repayment into the Budget Stabilization Fund if the bill backlog as determined by the Comptroller on June 30 of that fiscal year exceeds $4,000,000,000. Amends the Budget Stabilization Act. Modifies provisions concerning requirements for and transfers into the Budget Stabilization Fund and the Pension Stabilization Fund regarding the State's backlog of bills. Effective immediately.

Actions

Date	Chamber	Action
11/14/2022	Senate	Filed with Secretary by Sen. Doris Turner
11/14/2022	Senate	First Reading
11/14/2022	Senate	Referred to Assignments
11/14/2022	Senate	Added as Chief Co-Sponsor Sen. Suzy Glowiak Hilton
1/10/2023	Senate	Session Sine Die

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