Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process.
Recent laws may not yet be included in the ILCS database, but they are found on this site as
Public
Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the
Guide.
Because the statute database is maintained primarily for legislative drafting purposes,
statutory changes are sometimes included in the statute database before they take effect.
If the source note at the end of a Section of the statutes includes a Public Act that has
not yet taken effect, the version of the law that is currently in effect may have already
been removed from the database and you should refer to that Public Act to see the changes
made to the current law.
(25 ILCS 155/4) (from Ch. 63, par. 344) Sec. 4. (a) The Commission shall publish, during each regular
session of the General Assembly, a report on the estimated income of the
State from all applicable revenue sources for the next ensuing fiscal
year and of any other funds estimated to be available for such fiscal
year. The Commission, in its discretion, may consult with the Governor's Office of Management and Budget in preparing the report. By the third Wednesday in March after the session convenes, the
Commission shall issue the report required by this Section containing the revenue figures
reflecting the latest available information. The House and Senate by
joint resolution shall adopt or modify such estimates as may be
appropriate. The joint resolution shall constitute the General
Assembly's estimate, under paragraph (b) of Section 2 of Article VIII of
the Constitution, of the funds estimated to be available during the next
fiscal year.
(b) On the third Wednesday in March or within 14 days after the Governor's budget address, whichever is later, the Commission shall issue estimated:
(1) pension funding requirements under P.A. 86-273; |
|
(2) liabilities of the State employee group health
|
|
These estimated costs shall be for the fiscal year beginning the following
July 1.
(c) The requirement for reporting to the General Assembly shall be satisfied
by filing copies of the report as required by Section 3.1 of the General Assembly
Organization Act, and filing
such
additional copies with the State Government Report Distribution Center for the
General Assembly as is required under paragraph (t) of Section 7 of the State
Library Act.
(Source: P.A. 103-229, eff. 6-30-23.)
|
