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 Full Text Bill Summary