Full Text of HB2271 94th General Assembly
HB2271 94TH GENERAL ASSEMBLY
|
|
|
94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006 HB2271
Introduced 2/14/2005, by Rep. Michael J. Madigan - Barbara Flynn Currie - Jack D. Franks SYNOPSIS AS INTRODUCED: |
|
15 ILCS 20/50-5 |
was 15 ILCS 20/38 |
|
Amends the State Budget Law of the Civil Administrative Code of Illinois.
Makes a technical change concerning submission of the State budget.
|
| |
|
|
A BILL FOR
|
|
|
|
|
HB2271 |
|
LRB094 03251 RCE 33252 b |
|
| 1 |
| AN ACT concerning State government.
| 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) (was 15 ILCS 20/38)
| 8 |
| Sec. 50-5. Governor to submit State budget.
The Governor | 9 |
| shall, as soon as
possible and
and not later than the second | 10 |
| Wednesday in April in 2003 and the third
Wednesday in February | 11 |
| of each year beginning in 2004, except as otherwise provided in | 12 |
| this Section, submit a
State budget, embracing therein the | 13 |
| amounts recommended by the Governor to be
appropriated to the | 14 |
| respective departments, offices, and institutions, and
for all | 15 |
| other public purposes, the estimated revenues from taxation, | 16 |
| the
estimated revenues from sources other than taxation, and an | 17 |
| estimate of the
amount required to be raised by taxation. In | 18 |
| 2004 only, the Governor shall submit the capital development | 19 |
| section of the State budget not later than the fourth Tuesday | 20 |
| of March (March 23, 2004). The amounts recommended by the
| 21 |
| Governor for appropriation to the respective departments, | 22 |
| offices and
institutions shall be formulated according to the | 23 |
| various functions and
activities for which the respective | 24 |
| department, office or institution of
the State government | 25 |
| (including the elective officers in the executive
department | 26 |
| and including the University of Illinois and the judicial
| 27 |
| department) is responsible. The amounts relating to particular | 28 |
| functions
and activities shall be further formulated in | 29 |
| accordance with the object
classification specified in Section | 30 |
| 13 of the State Finance Act. | 31 |
| The Governor shall not propose expenditures and the General | 32 |
| Assembly shall
not enact appropriations that exceed the |
|
|
|
HB2271 |
- 2 - |
LRB094 03251 RCE 33252 b |
|
| 1 |
| resources estimated to be available,
as provided in this | 2 |
| Section.
| 3 |
| For the purposes of Article VIII, Section 2 of the 1970
| 4 |
| Illinois Constitution, the State budget for the following funds | 5 |
| shall be
prepared on the basis of revenue and expenditure | 6 |
| measurement concepts that are
in concert with generally | 7 |
| accepted accounting principles for governments:
| 8 |
| (1) General Revenue Fund.
| 9 |
| (2) Common School Fund.
| 10 |
| (3) Educational Assistance Fund.
| 11 |
| (4) Road Fund.
| 12 |
| (5) Motor Fuel Tax Fund.
| 13 |
| (6) Agricultural Premium Fund.
| 14 |
| These funds shall be known as the "budgeted funds". The | 15 |
| revenue
estimates used in the State budget for the budgeted | 16 |
| funds shall include the
estimated beginning fund balance, plus
| 17 |
| revenues estimated to be received during the budgeted year, | 18 |
| plus the estimated
receipts due the State as of June 30 of the | 19 |
| budgeted year that are expected to
be collected during the | 20 |
| lapse period following the budgeted year, minus the
receipts | 21 |
| collected during the first 2 months of the budgeted year that | 22 |
| became
due to the State in the year before the budgeted year. | 23 |
| Revenues shall also
include estimated federal reimbursements | 24 |
| associated with the recognition of
Section 25 of the State | 25 |
| Finance Act liabilities. For any budgeted fund
for which | 26 |
| current year revenues are anticipated to exceed expenditures, | 27 |
| the
surplus shall be considered to be a resource available for | 28 |
| expenditure in the
budgeted fiscal year.
| 29 |
| Expenditure estimates for the budgeted funds included in | 30 |
| the State budget
shall include the costs to be incurred by the | 31 |
| State for the budgeted year,
to be paid in the next fiscal | 32 |
| year, excluding costs paid in the budgeted year
which were | 33 |
| carried over from the prior year, where the payment is | 34 |
| authorized by
Section
25 of the State Finance Act. For any | 35 |
| budgeted fund
for which expenditures are expected to exceed | 36 |
| revenues in the current fiscal
year, the deficit shall be |
|
|
|
HB2271 |
- 3 - |
LRB094 03251 RCE 33252 b |
|
| 1 |
| considered as a use of funds in the budgeted fiscal
year.
| 2 |
| Revenues and expenditures shall also include transfers | 3 |
| between funds that are
based on revenues received or costs | 4 |
| incurred during the budget year.
| 5 |
| By
March 15 of each year, the Economic and Fiscal | 6 |
| Commission shall prepare
revenue and fund transfer estimates in | 7 |
| accordance with the requirements of this
Section and report | 8 |
| those estimates to the General Assembly and the Governor.
| 9 |
| For all funds other than the budgeted funds, the proposed | 10 |
| expenditures shall
not exceed funds estimated to be available | 11 |
| for the fiscal year as shown in the
budget. Appropriation for a | 12 |
| fiscal year shall not exceed funds estimated by
the General | 13 |
| Assembly to be available during that year.
| 14 |
| (Source: P.A. 93-1, eff. 2-6-03; 93-662, eff. 2-11-04.)
|
|