DART. New Act 30 ILCS 105/25 from Ch. 127, par. 161 Creates the Illinois Balanced Budget Act. Creates a Balanced Budget Commission to provide a Balanced Budget Revenue Estimate for each fiscal year. The Estimate shall serve as a limit on appropriations from State general funds. If appropriations exceed the limit, the Comptroller shall prepare a proposed Balanced Budget Reserve Act for that fiscal year. Sets forth the contents of the proposed Act, including certain measures to reduce State agency expenditures. Amends the State Finance Act. Reduces the lapse period from 2 months to one month starting in FY2003. Effective immediately. FISCAL NOTE (Comptroller) Estimated fiscal impact staffing costs: annual $45,000 periodic (years when reserves required) $35,000 one-time $ 2,500 97-01-08 H FILED WITH CLERK 97-01-08 H FIRST READING 97-01-08 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-01-22 H ASSIGNED TO COMMITTEE APP-GEN SERVS 97-03-21 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 97-03-28 H FISCAL NOTE FILED AS AMENDED 97-03-28 H COMMITTEE HRUL 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary