Full Text of SB1790 103rd General Assembly
SB1790enr 103RD GENERAL ASSEMBLY |
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| 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 | | (25 ILCS 130/4-4 rep.)
| 5 | | (25 ILCS 130/4-5 rep.)
| 6 | | (25 ILCS 130/4-6 rep.)
| 7 | | Section 5. The Legislative Commission Reorganization Act | 8 | | of 1984 is amended by repealing Sections 4-4, 4-5, and 4-6.
| 9 | | Section 10. The Commission on Government Forecasting and | 10 | | Accountability Act is amended by changing Sections 3 and 4 as | 11 | | follows: | 12 | | (25 ILCS 155/3) (from Ch. 63, par. 343) | 13 | | Sec. 3. The Commission shall:
| 14 | | (1) Study from time to time and report to the General | 15 | | Assembly on
economic development and trends in the State.
| 16 | | (2) Make such special economic and fiscal studies as | 17 | | it deems
appropriate or desirable or as the General | 18 | | Assembly may request.
| 19 | | (3) Based on its studies, recommend such State fiscal | 20 | | and economic
policies as it deems appropriate or desirable | 21 | | to improve the functioning
of State government and the | 22 | | economy of the various regions within the
State.
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| 1 | | (4) Prepare annually a State economic report.
| 2 | | (5) Provide information for all appropriate | 3 | | legislative
organizations and personnel on economic trends | 4 | | in relation to long range
planning and budgeting.
| 5 | | (6) Study and make such recommendations as it deems | 6 | | appropriate to
the General Assembly on local and regional | 7 | | economic and fiscal policy
and on federal fiscal policy as | 8 | | it may affect Illinois.
| 9 | | (7) Review capital expenditures, appropriations and | 10 | | authorizations
for both the State's general obligation and | 11 | | revenue bonding authorities.
At the direction of the | 12 | | Commission, specific reviews may include
economic | 13 | | feasibility reviews of existing or proposed revenue bond
| 14 | | projects to determine the accuracy of the original | 15 | | estimate of useful
life of the projects, maintenance | 16 | | requirements and ability to meet debt
service requirements | 17 | | through their operating expenses.
| 18 | | (8) Receive and review all executive agency and | 19 | | revenue bonding
authority annual and 3 year plans. The | 20 | | Commission shall prepare a
consolidated review of these | 21 | | plans, an updated assessment of current
State agency | 22 | | capital plans, a report on the outstanding and unissued
| 23 | | bond authorizations, an evaluation of the State's ability | 24 | | to market
further bond issues and shall submit them as the | 25 | | "Legislative Capital
Plan Analysis" to the House and | 26 | | Senate Appropriations Committees at
least once a year. The |
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| 1 | | Commission shall annually submit to the General
Assembly | 2 | | on the first Wednesday of April a report on the State's | 3 | | long-term
capital needs, with particular emphasis upon and | 4 | | detail of the 5-year
period in the immediate future.
| 5 | | (9) Study and make recommendations it deems | 6 | | appropriate to the
General Assembly on State bond | 7 | | financing, bondability guidelines, and
debt management. At | 8 | | the direction of the Commission, specific studies
and | 9 | | reviews may take into consideration short and long-run | 10 | | implications
of State bonding and debt management policy.
| 11 | | (10) Comply with the provisions of the "State Debt
| 12 | | Impact Note Act" as now or hereafter amended.
| 13 | | (11) Comply with the provisions of the Pension Impact | 14 | | Note Act, as now
or hereafter amended.
| 15 | | (12) Prepare By August 1st of each year, the | 16 | | Commission must prepare and cause to
be published by | 17 | | August 1 of each year a summary report of State | 18 | | appropriations for the State fiscal year
beginning the | 19 | | previous July 1st , except that, if no State appropriations | 20 | | have been enacted by July 1 for the State fiscal year, then | 21 | | the summary report shall be prepared and published within | 22 | | 60 days after the enactment of appropriations for that | 23 | | State fiscal year . The summary report must discuss major
| 24 | | categories of appropriations, the issues the General | 25 | | Assembly faced in
allocating appropriations, comparisons | 26 | | with appropriations for previous
State fiscal years, and |
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| 1 | | other matters helpful in providing the citizens of
| 2 | | Illinois with an overall understanding of appropriations | 3 | | for that fiscal year.
The summary report must be written | 4 | | in plain language and designed for
readability , and it | 5 | | must be provided in a report to the General Assembly and | 6 | | published on the General Assembly's website . Publication | 7 | | must be in newspapers of general circulation in the
| 8 | | various areas of the State to ensure distribution | 9 | | statewide. The summary
report must also be published on | 10 | | the General Assembly's web site.
| 11 | | (13) Comply with the provisions of the State | 12 | | Facilities Closure Act.
| 13 | | (14) For fiscal year 2012 and thereafter, develop a | 14 | | 3-year budget forecast for the State, including | 15 | | opportunities and threats concerning anticipated revenues | 16 | | and expenditures, with an appropriate level of detail. | 17 | | (15) Perform the powers, duties, rights, and | 18 | | responsibilities of the Legislative Research Unit as | 19 | | transferred to the Commission under Section 7. | 20 | | The requirement for reporting to the General Assembly | 21 | | shall be satisfied
by filing copies of the report as required | 22 | | by Section 3.1 of the General Assembly
Organization Act, and
| 23 | | filing such additional copies with the State Government Report | 24 | | Distribution
Center for the General Assembly as is required | 25 | | under paragraph (t) of
Section 7 of the State Library Act.
| 26 | | (Source: P.A. 100-1148, eff. 12-10-18.)
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| 1 | | (25 ILCS 155/4) (from Ch. 63, par. 344) | 2 | | Sec. 4. (a) The Commission shall publish, during at the | 3 | | convening of each regular
session of the General Assembly, a | 4 | | report on the estimated income of the
State from all | 5 | | applicable revenue sources for the next ensuing fiscal
year | 6 | | and of any other funds estimated to be available for such | 7 | | fiscal
year. The Commission, in its discretion, may consult | 8 | | with the Governor's Office of Management and Budget in | 9 | | preparing the report. By On the third Wednesday in March after | 10 | | the session convenes, the
Commission shall issue the report | 11 | | required by this Section containing the a revised and updated | 12 | | set of revenue figures
reflecting the latest available | 13 | | information. The House and Senate by
joint resolution shall | 14 | | adopt or modify such estimates as may be
appropriate. The | 15 | | joint resolution shall constitute the General
Assembly's | 16 | | estimate, under paragraph (b) of Section 2 of Article VIII of
| 17 | | the Constitution, of the funds estimated to be available | 18 | | during the next
fiscal year.
| 19 | | (b) On the third Wednesday in March or within 14 days after | 20 | | the Governor's budget address , whichever is later, the | 21 | | Commission shall issue estimated:
| 22 | | (1) pension funding requirements under P.A. 86-273; | 23 | | and
| 24 | | (2) liabilities of the State employee group health | 25 | | insurance program.
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| 1 | | These estimated costs shall be for the fiscal year | 2 | | beginning the following
July 1.
| 3 | | (c) The requirement for reporting to the General Assembly | 4 | | shall be satisfied
by filing copies of the report as required | 5 | | by Section 3.1 of the General Assembly
Organization Act, and | 6 | | filing
such
additional copies with the State Government Report | 7 | | Distribution Center for the
General Assembly as is required | 8 | | under paragraph (t) of Section 7 of the State
Library Act.
| 9 | | (Source: P.A. 100-1148, eff. 12-10-18.) | 10 | | Section 99. Effective date. This Act takes effect upon | 11 | | becoming law.
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