Illinois General Assembly - Full Text of HB5519
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Full Text of HB5519  102nd General Assembly

HB5519 102ND GENERAL ASSEMBLY

  
  

 


 
102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB5519

 

Introduced 1/31/2022, by Rep. Tom Demmer

 

SYNOPSIS AS INTRODUCED:
 
15 ILCS 505/40 new

    Amends the State Treasurer Act. Provides that within 90 days after the enactment of the State budget for a given fiscal year, the Office of the State Treasurer shall prepare and submit to the Governor's Office of Management and Budget a report certifying whether the State budget is balanced based upon revenue projections exceeding expenditures and budgetary measures that fall out of line with Governmental Accounting Standards Board criteria.


LRB102 23910 RJF 33108 b

 

 

A BILL FOR

 

HB5519LRB102 23910 RJF 33108 b

1    AN ACT concerning State government.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The State Treasurer Act is amended by adding
5Section 40 as follows:
 
6    (15 ILCS 505/40 new)
7    Sec. 40. Certified balanced budget. Within 90 days after
8the enactment of the State budget for a given fiscal year, the
9Office of the State Treasurer shall prepare and submit to the
10Governor's Office of Management and Budget a report certifying
11whether the State budget is balanced based upon revenue
12projections exceeding expenditures and budgetary measures that
13fall out of line with Governmental Accounting Standards Board
14criteria.