92nd General Assembly
Status of HB2159
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SCHOENBERG-MADIGAN,MJ-CURRIE-LYONS,JOSEPH-MULLIGAN, MCKEON, 
   ERWIN, GARRETT, MCGUIRE, FOWLER, FORBY, GRANBERG, LANG, 
   HARTKE, REITZ AND STROGER.

(CLAYBORNE)

   New Act                                                                     
   15 ILCS 20/50-5           was 15 ILCS 20/38                                 
   15 ILCS 20/50-5.5 new                                                       
   15 ILCS 20/50-10          was 15 ILCS 20/38.1                               
   25 ILCS 155/4             from Ch. 63, par. 344                             
   30 ILCS 105/6z-44 new                                                       
   30 ILCS 105/25            from Ch. 127, par. 161                            

        Creates the Rainy Day Budget  Stabilization  Act.   Provides  for      
   transfers  of  moneys into the Budget Stabilization Fund and the Early      
   Debt Retirement Fund from the general revenues  of  the  State  during      
   fiscal  years  in  which  the State's general revenue funds exceed the      
   prior  year's  estimated  general  funds  revenue  by  more  than  4%.      
   Provides for the transfer of moneys from the Budget Stabilization Fund      
   under certain circumstances.  Amends the State Budget Law of the Civil      
   Administrative Code  of  Illinois.   Creates  the  Revenue  Estimating      
   Council.   Provides that the General Assembly must adopt the estimates      
   of the Council.  Provides that in fiscal year 2002 and in each  fiscal      
   year  thereafter, the State budget must contain one or more line items      
   appropriating moneys  to  pay  certain  liabilities  incurred  in  the      
   previous  fiscal  year.   Amends  the  State Finance Act to create the      
   Early Debt Retirement Fund and to make conforming changes.  Amends the      
   Illinois  Economic  and  Fiscal  Commission  Act  to  make  conforming      
   changes.  Effective immediately.                                            
          STATE DEBT NOTE (Economic and Fiscal Commission)                     
          HB 2159 would not affect the bonding authorization of the            
          State, and therefore, has no direct impact on the level of           
          State indebtedness.                                                  
   FEB-22-2001  H  FILED WITH CLERK                                               
   FEB-22-2001  H  ADDED AS A JOINT SPONSOR                 CURRIE                
   FEB-22-2001  H  ADDED AS A JOINT SPONSOR                 SCHOENBERG            
   FEB-22-2001  H  FIRST READING                                                  
   FEB-22-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-23-2001  H       ASSIGNED TO COMMITTEE               CONST OFFICER         
   MAR-01-2001  H  ADDED AS A CO-SPONSOR                    FLOWERS               
   MAR-01-2001  H  ADDED AS A CO-SPONSOR                    ERWIN                 
   MAR-01-2001  H  ADDED AS A CO-SPONSOR                    GARRETT               
   MAR-05-2001  H  STATE DEBT IMPACT NOTE FILED                                   
   MAR-05-2001  H                   COMMITTEE               CONST OFFICER         
   MAR-07-2001  H  DO PASS/SHORT DEBATE                     009-000-000   HCOF    
   MAR-07-2001  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   MAR-08-2001  H  SECOND READING-SHORT DEBATE                                    
   MAR-08-2001  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   MAR-19-2001  H  ADDED AS A JOINT SPONSOR                 LYONS,JOSEPH          
   MAR-19-2001  H  ADDED AS A CO-SPONSOR                    MCGUIRE               
   MAR-19-2001  H  ADDED AS A CO-SPONSOR                    FOWLER                
   MAR-19-2001  H  ADDED AS A CO-SPONSOR                    FORBY                 
   MAR-19-2001  H  ADDED AS A CO-SPONSOR                    GRANBERG              
   MAR-19-2001  H  ADDED AS A CO-SPONSOR                    LANG                  
   MAR-19-2001  H  ADDED AS A CO-SPONSOR                    CURRY,JULIE           
   MAR-19-2001  H  ADDED AS A CO-SPONSOR                    HARTKE                
   MAR-19-2001  H  ADDED AS A CO-SPONSOR                    REITZ                 
   MAR-19-2001  H  ADDED AS A CO-SPONSOR                    STROGER               
   MAR-19-2001  H  ADDED AS A JOINT SPONSOR                 MCKEON                
   MAR-28-2001  H  JOINT-SPONSOR CHANGED TO                 MULLIGAN              
   MAR-28-2001  H  ADDED AS A CO-SPONSOR                    MCKEON                
   MAR-28-2001  H  PRIMARY SPONSOR CHANGED TO               SCHOENBERG            
   MAR-28-2001  H  JOINT-SPONSOR CHANGED TO                 MADIGAN,MJ            
   MAR-28-2001  H  THIRD READING/SHORT DEBATE/PASSED        103-011-002           
   MAR-29-2001  S  ARRIVE IN SENATE                                               
   MAR-29-2001  S  PLACED CALENDAR ORDER OF FIRST READING   01-03-30              
   MAR-29-2001  S  CHIEF SPONSOR                            CLAYBORNE             
   MAR-29-2001  S  FIRST READING                                                  
   MAR-29-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   JAN-07-2003  H  SESSION SINE DIE                                               

   END OF INQUIRY 



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