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[ Senate Amendment 001 ] |
90_SB0076ham001 LRB9001486DNsbam 1 AMENDMENT TO SENATE BILL 76 2 AMENDMENT NO. . Amend Senate Bill 76 on page 1, by 3 replacing lines 28 through 31 with the following: 4 "The Governor shall not propose expenditures and the 5 General Assembly shall not enact appropriations that exceed 6 the resources estimated to be available, as provided in this 7 Section. 8 For the purposes of Article VIII, Section 2 of the 1970 9 Illinois Constitution, the State budget for the following 10 funds shall be prepared on the basis of revenue and 11 expenditure measurement concepts that are in concert with 12 generally accepted accounting principles for governments: 13 (1) General Revenue Fund 14 (2) Common School Fund 15 (3) Educational Assistance Fund 16 (4) Road Fund 17 (5) Motor Fuel Tax Fund 18 (6) Agricultural Premium Fund 19 These funds shall be known as the "budgeted funds". The 20 revenue estimates used in the State budget for the budgeted 21 funds shall include the estimated beginning fund balance, 22 plus revenues estimated to be received during the budgeted 23 year, plus the estimated receipts due the State as of June 30 -2- LRB9001486DNsbam 1 of the budgeted year that are expected to be collected during 2 the lapse period following the budgeted year, minus the 3 receipts collected during the first 2 months of the budgeted 4 year that became due to the State in the year before the 5 budgeted year. Revenues shall also include estimated federal 6 reimbursements associated with the recognition of Section 25 7 of the State Finance Act liabilities. For any budgeted fund 8 for which current year revenues are anticipated to exceed 9 expenditures, the surplus shall be considered to be a 10 resource available for expenditure in the budgeted fiscal 11 year. 12 Expenditure estimates for the budgeted funds included in 13 the State budget shall include the costs to be incurred by 14 the State for the budgeted year, to be paid in the next 15 fiscal year, excluding costs paid in the budgeted year which 16 were carried over from the prior year, where the payment is 17 authorized by Section 25 of the State Finance Act. For any 18 budgeted fund for which expenditures are expected to exceed 19 revenues in the current fiscal year, the deficit shall be 20 considered as a use of funds in the budgeted fiscal year. 21 Revenues and expenditures shall also include transfers 22 between funds that are based on revenues received or costs 23 incurred during the budget year. 24 By March 15 of each year, the Economic and Fiscal 25 Commission shall prepare revenue and fund transfer estimates 26 in accordance with the requirements of this Section and 27 report those estimates to the General Assembly and the 28 Governor. 29 For all funds other than the budgeted funds, the proposed 30 expenditures shall not exceed funds estimated to be available 31 for the fiscal year as shown in the budget. Appropriation 32 for a fiscal year shall not exceed funds estimated by the 33 General Assembly to be available during that year."; and 34 by deleting all of page 2; and -3- LRB9001486DNsbam 1 on page 3, by deleting lines 1 through 13.