[ Search ] [ Legislation ]
[ Home ] [ Back ] [ Bottom ]
91_HB1053
LRB9104262MWtm
1 AN ACT to amend the Civil Administrative Code of Illinois
2 by changing Section 38.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Civil Administrative Code of Illinois is
6 amended by changing Section 38 as follows:
7 (15 ILCS 20/38) (from Ch. 127, par. 38)
8 Sec. 38. Submission of State budget. The Governor shall,
9 as soon as possible and not later than the third Wednesday in
10 February of each year beginning in 1998, submit a State
11 budget, embracing therein the amounts recommended by him or
12 her to be appropriated to the respective departments,
13 offices, and institutions, and for all other public purposes,
14 the estimated revenues from taxation, the estimated revenues
15 from sources other than taxation, and an estimate of the
16 amount required to be raised by taxation. The amounts
17 recommended by the Governor for appropriation to the
18 respective departments, offices and institutions shall be
19 formulated according to the various functions and activities
20 for which the respective department, office or institution of
21 the State government (including the elective officers in the
22 executive department and including the University of Illinois
23 and the judicial department) is responsible. The amounts
24 relating to particular functions and activities shall be
25 further formulated in accordance with the object
26 classification specified in Section 13 of the State Finance
27 Act.
28 The Governor shall not propose expenditures and the
29 General Assembly shall not enact appropriations that exceed
30 the resources estimated to be available, as provided in this
31 Section.
-2- LRB9104262MWtm
1 For the purposes of Article VIII, Section 2 of the 1970
2 Illinois Constitution, the State budget for the following
3 funds shall be prepared on the basis of revenue and
4 expenditure measurement concepts that are in concert with
5 generally accepted accounting principles for governments:
6 (1) General Revenue Fund
7 (2) Common School Fund
8 (3) Educational Assistance Fund
9 (4) Road Fund
10 (5) Motor Fuel Tax Fund
11 (6) Agricultural Premium Fund
12 These funds shall be known as the "budgeted funds". The
13 revenue estimates used in the State budget for the budgeted
14 funds shall include the estimated beginning fund balance,
15 plus revenues estimated to be received during the budgeted
16 year, plus the estimated receipts due the State as of June 30
17 of the budgeted year that are expected to be collected during
18 the lapse period following the budgeted year, minus the
19 receipts collected during the first 2 months of the budgeted
20 year that became due to the State in the year before the
21 budgeted year. Revenues shall also include estimated federal
22 reimbursements associated with the recognition of Section 25
23 of the State Finance Act liabilities. For any budgeted fund
24 for which current year revenues are anticipated to exceed
25 expenditures, the surplus shall be considered to be a
26 resource available for expenditure in the budgeted fiscal
27 year.
28 Expenditure estimates for the budgeted funds included in
29 the State budget shall include the costs to be incurred by
30 the State for the budgeted year, to be paid in the next
31 fiscal year, excluding costs paid in the budgeted year which
32 were carried over from the prior year, where the payment is
33 authorized by Section 25 of the State Finance Act. For any
34 budgeted fund for which expenditures are expected to exceed
-3- LRB9104262MWtm
1 revenues in the current fiscal year, the deficit shall be
2 considered as a use of funds in the budgeted fiscal year.
3 Revenues and expenditures shall also include transfers
4 between funds that are based on revenues received or costs
5 incurred during the budget year.
6 By March 15 of each year, the Economic and Fiscal
7 Commission shall prepare revenue and fund transfer estimates
8 in accordance with the requirements of this Section and
9 report those estimates to the General Assembly and the
10 Governor.
11 For all funds other than the budgeted funds, the proposed
12 expenditures shall not exceed funds estimated to be available
13 for the fiscal year as shown in the budget. Appropriation
14 for a fiscal year shall not exceed funds estimated by the
15 General Assembly to be available during that year.
16 (Source: P.A. 89-699, eff. 1-16-97; 90-479, eff. 8-17-97.)