Full Text of HB3332 094th General Assembly
HB3332 94TH GENERAL ASSEMBLY
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94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006 HB3332
Introduced 2/22/2005, by Rep. Tom Cross 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.
Makes a technical change in a Section concerning the Governor's submission of
the State budget.
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A BILL FOR
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HB3332 |
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LRB094 06171 RCE 36236 b |
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| AN ACT concerning State government.
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| Be it enacted by the People of the State of Illinois, | 3 |
| 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
The | 9 |
| Governor shall, as soon as
possible and not later than the | 10 |
| second Wednesday in April in 2003 and the third
Wednesday in | 11 |
| February of each year beginning in 2004, except as otherwise | 12 |
| provided in this Section, submit a
State budget, embracing | 13 |
| 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 | 24 |
| respective department, office or institution of
the State | 25 |
| government (including the elective officers in the executive
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| department and including the University of Illinois and the | 27 |
| judicial
department) is responsible. The amounts relating to | 28 |
| particular functions
and activities shall be further | 29 |
| formulated in accordance with the object
classification | 30 |
| specified in Section 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 |
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HB3332 |
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LRB094 06171 RCE 36236 b |
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| resources estimated to be available,
as provided in this | 2 |
| 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 | 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:
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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 | 15 |
| revenue
estimates used in the State budget for the budgeted | 16 |
| funds shall include the
estimated beginning fund balance, plus
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| 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.
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| 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 |
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HB3332 |
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LRB094 06171 RCE 36236 b |
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| considered as a use of funds in the budgeted fiscal
year.
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| Revenues and expenditures shall also include transfers | 3 |
| between funds that are
based on revenues received or costs | 4 |
| incurred during the budget year.
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| 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.
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| 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.
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| (Source: P.A. 93-1, eff. 2-6-03; 93-662, eff. 2-11-04.)
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