Full Text of HB4095 96th General Assembly
HB4095 96TH GENERAL ASSEMBLY
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96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010 HB4095
Introduced 2/27/2009, by Rep. Tom Cross - William B. Black SYNOPSIS AS INTRODUCED: |
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15 ILCS 20/50-5 |
was 15 ILCS 20/38 |
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Amends the State Budget Law of the Civil Administrative Code of Illinois. With respect to fiscal year appropriations, requires the General Assembly to take into account (i) whether the previous fiscal year's revenues were sufficient to pay for all obligations incurred during that fiscal year or whether those obligations were shifted to future years and (ii) whether revenues for the budgeted fiscal year can be reasonably projected to meet appropriations for the budgeted fiscal year. For each budgeted fiscal year, requires the General Assembly, by the same joint resolution adopted by record vote, to declare that the budget is balanced.
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A BILL FOR
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HB4095 |
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LRB096 10661 RCE 20834 b |
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| AN ACT concerning State budgets.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The State Budget Law of the Civil Administrative | 5 |
| Code of Illinois is amended by changing Section 50-5 as | 6 |
| follows:
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| (15 ILCS 20/50-5) (was 15 ILCS 20/38)
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| Sec. 50-5. Governor to submit State budget. The Governor | 9 |
| shall, as soon as
possible and not later than the first
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| Wednesday in March in 2007 (March 7, 2007) and the third
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| Wednesday in February of each year beginning in 2008, except as | 12 |
| otherwise provided in this Section, submit a
State budget, | 13 |
| embracing therein the amounts recommended by the Governor to be
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| appropriated to the respective departments, offices, and | 15 |
| institutions, and
for all other public purposes, the estimated | 16 |
| revenues from taxation, the
estimated revenues from sources | 17 |
| other than taxation, and an estimate of the
amount required to | 18 |
| be raised by taxation. In 2004 only, the Governor shall submit | 19 |
| the capital development section of the State budget not later | 20 |
| than the fourth Tuesday of March (March 23, 2004). The amounts | 21 |
| recommended by the
Governor for appropriation to the respective | 22 |
| departments, offices and
institutions shall be formulated | 23 |
| according to the various functions and
activities for which the |
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HB4095 |
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LRB096 10661 RCE 20834 b |
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| respective department, office or institution of
the State | 2 |
| government (including the elective officers in the executive
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| department and including the University of Illinois and the | 4 |
| judicial
department) is responsible. The amounts relating to | 5 |
| particular functions
and activities shall be further | 6 |
| formulated in accordance with the object
classification | 7 |
| specified in Section 13 of the State Finance Act.
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| The Governor shall not propose expenditures and the General | 9 |
| Assembly shall
not enact appropriations that exceed the | 10 |
| resources estimated to be available,
as provided in this | 11 |
| Section.
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| For the purposes of Article VIII, Section 2 of the 1970
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| Illinois Constitution, the State budget for the following funds | 14 |
| shall be
prepared on the basis of revenue and expenditure | 15 |
| measurement concepts that are
in concert with generally | 16 |
| accepted accounting principles for governments:
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| (1) General Revenue Fund.
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| (2) Common School Fund.
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| (3) Educational Assistance Fund.
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| (4) Road Fund.
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| (5) Motor Fuel Tax Fund.
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| (6) Agricultural Premium Fund.
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| These funds shall be known as the "budgeted funds". The | 24 |
| revenue
estimates used in the State budget for the budgeted | 25 |
| funds shall include the
estimated beginning fund balance, plus
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| revenues estimated to be received during the budgeted year, |
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LRB096 10661 RCE 20834 b |
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| plus the estimated
receipts due the State as of June 30 of the | 2 |
| budgeted year that are expected to
be collected during the | 3 |
| lapse period following the budgeted year, minus the
receipts | 4 |
| collected during the first 2 months of the budgeted year that | 5 |
| became
due to the State in the year before the budgeted year. | 6 |
| Revenues shall also
include estimated federal reimbursements | 7 |
| associated with the recognition of
Section 25 of the State | 8 |
| Finance Act liabilities. For any budgeted fund
for which | 9 |
| current year revenues are anticipated to exceed expenditures, | 10 |
| the
surplus shall be considered to be a resource available for | 11 |
| expenditure in the
budgeted fiscal year.
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| Expenditure estimates for the budgeted funds included in | 13 |
| the State budget
shall include the costs to be incurred by the | 14 |
| State for the budgeted year,
to be paid in the next fiscal | 15 |
| year, excluding costs paid in the budgeted year
which were | 16 |
| 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.
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| Revenues and expenditures shall also include transfers | 22 |
| between funds that are
based on revenues received or costs | 23 |
| incurred during the budget year.
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| By
March 15 of each year, the
Commission on Government | 25 |
| Forecasting and Accountability shall prepare
revenue and fund | 26 |
| transfer estimates in accordance with the requirements of this
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LRB096 10661 RCE 20834 b |
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| Section and report those estimates to the General Assembly and | 2 |
| the Governor.
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| For all funds other than the budgeted funds, the proposed | 4 |
| expenditures shall
not exceed funds estimated to be available | 5 |
| for the fiscal year as shown in the
budget. Appropriation for a | 6 |
| fiscal year shall not exceed funds estimated by
the General | 7 |
| Assembly to be available during that year. The General Assembly | 8 |
| shall take into account (i) whether the previous fiscal year's | 9 |
| revenues were sufficient to pay for all obligations incurred | 10 |
| during that fiscal year or whether those obligations were | 11 |
| shifted to future years and (ii) whether revenues for the | 12 |
| budgeted fiscal year can be reasonably projected to meet | 13 |
| appropriations for the budgeted fiscal year. For each budgeted | 14 |
| fiscal year, the General Assembly, by the same joint resolution | 15 |
| adopted by record vote, shall declare that the budget is | 16 |
| balanced.
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| (Source: P.A. 93-1, eff. 2-6-03; 93-662, eff. 2-11-04; 93-1067, | 18 |
| eff. 1-15-05; 94-1108, eff. 2-16-07.)
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