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| [ Senate Amendment 001 ] |
90_SB0076ham001
LRB9001486DNsbam
1 AMENDMENT TO SENATE BILL 76
2 AMENDMENT NO. . Amend Senate Bill 76 on page 1, by
3 replacing lines 28 through 31 with the following:
4 "The Governor shall not propose expenditures and the
5 General Assembly shall not enact appropriations that exceed
6 the resources estimated to be available, as provided in this
7 Section.
8 For the purposes of Article VIII, Section 2 of the 1970
9 Illinois Constitution, the State budget for the following
10 funds shall be prepared on the basis of revenue and
11 expenditure measurement concepts that are in concert with
12 generally accepted accounting principles for governments:
13 (1) General Revenue Fund
14 (2) Common School Fund
15 (3) Educational Assistance Fund
16 (4) Road Fund
17 (5) Motor Fuel Tax Fund
18 (6) Agricultural Premium Fund
19 These funds shall be known as the "budgeted funds". The
20 revenue estimates used in the State budget for the budgeted
21 funds shall include the estimated beginning fund balance,
22 plus revenues estimated to be received during the budgeted
23 year, plus the estimated receipts due the State as of June 30
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1 of the budgeted year that are expected to be collected during
2 the lapse period following the budgeted year, minus the
3 receipts collected during the first 2 months of the budgeted
4 year that became due to the State in the year before the
5 budgeted year. Revenues shall also include estimated federal
6 reimbursements associated with the recognition of Section 25
7 of the State Finance Act liabilities. For any budgeted fund
8 for which current year revenues are anticipated to exceed
9 expenditures, the surplus shall be considered to be a
10 resource available for expenditure in the budgeted fiscal
11 year.
12 Expenditure estimates for the budgeted funds included in
13 the State budget shall include the costs to be incurred by
14 the State for the budgeted year, to be paid in the next
15 fiscal year, excluding costs paid in the budgeted year which
16 were 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.
21 Revenues and expenditures shall also include transfers
22 between funds that are based on revenues received or costs
23 incurred during the budget year.
24 By March 15 of each year, the Economic and Fiscal
25 Commission shall prepare revenue and fund transfer estimates
26 in accordance with the requirements of this Section and
27 report those estimates to the General Assembly and the
28 Governor.
29 For all funds other than the budgeted funds, the proposed
30 expenditures shall not exceed funds estimated to be available
31 for the fiscal year as shown in the budget. Appropriation
32 for a fiscal year shall not exceed funds estimated by the
33 General Assembly to be available during that year."; and
34 by deleting all of page 2; and
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1 on page 3, by deleting lines 1 through 13.