SCHOENBERG-GASH-FEIGENHOLTZ. 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 FY2005. Effective immediately. 98-12-17 H PREFILED WITH CLERK 99-01-14 H FIRST READING 99-01-14 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-01-27 H ASSIGNED TO COMMITTEE STE GOV ADMIN 99-02-26 H DO PASS/SHORT DEBATE 008-000-000 HSGA 99-02-26 H PLACED CALENDAR 2ND READING-SHORT DEBATE 99-03-02 H SECOND READING-SHORT DEBATE 99-03-02 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 99-03-09 H ADDED AS A JOINT SPONSOR GASH 99-03-09 H ADDED AS A JOINT SPONSOR FEIGENHOLTZ 99-03-26 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary