MADIGAN,MJ-SCHOENBERG-MULLIGAN-GARRETT-MURPHY, HOLBROOK, BLACK, BIGGINS, DAVIS,STEVE, DAVIS,MONIQUE, FOWLER, GRANBERG, HANNIG, NOVAK, MCKEON, CURRY,JULIE, O'BRIEN, BUGIELSKI, LANG AND DART. (DILLARD-CLAYBORNE-TROTTER) 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-51 30 ILCS 105/6z-60 new 30 ILCS 105/25 from Ch. 127, par. 161 Creates the Budget Stabilization and Reform 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%. 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 2004 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. Creates the Early Debt Retirement Fund and makes conforming changes. Provides that earnings on investments of the Budget Stabilization Fund shall be deposited in that Fund. Amends the Illinois Economic and Fiscal Commission Act to make conforming changes. Effective immediately. FEB-08-2002 H FILED WITH CLERK FEB-08-2002 H ADDED AS A JOINT SPONSOR SCHOENBERG FEB-08-2002 H ADDED AS A JOINT SPONSOR MULLIGAN FEB-08-2002 H FIRST READING FEB-08-2002 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-13-2002 H ASSIGNED TO COMMITTEE CONST OFFICER FEB-15-2002 H ADDED AS A JOINT SPONSOR GARRETT FEB-15-2002 H ADDED AS A JOINT SPONSOR MURPHY FEB-20-2002 H ADDED AS A CO-SPONSOR HOLBROOK FEB-21-2002 H DO PASS/SHORT DEBATE 009-000-000 HCOF FEB-21-2002 H PLACED CALENDAR 2ND READING-SHORT DEBATE MAR-13-2002 H PRIMARY SPONSOR CHANGED TO SCHOENBERG MAR-20-2002 H PRIMARY SPONSOR CHANGED TO MADIGAN,MJ MAR-20-2002 H ADDED AS A JOINT SPONSOR SCHOENBERG MAR-22-2002 H SECOND READING-SHORT DEBATE MAR-22-2002 H PLCD CAL ORDER 3RD READING-SHORT DEBATE MAR-22-2002 H ADDED AS A CO-SPONSOR HAMOS APR-02-2002 H ADDED AS A CO-SPONSOR BLACK APR-02-2002 H ADDED AS A CO-SPONSOR BIGGINS APR-02-2002 H ADDED AS A CO-SPONSOR DAVIS,STEVE APR-02-2002 H ADDED AS A CO-SPONSOR DAVIS,MONIQUE APR-02-2002 H ADDED AS A CO-SPONSOR FOWLER APR-02-2002 H ADDED AS A CO-SPONSOR LYONS,JOSEPH APR-02-2002 H ADDED AS A CO-SPONSOR GRANBERG APR-02-2002 H ADDED AS A CO-SPONSOR HANNIG APR-02-2002 H ADDED AS A CO-SPONSOR NOVAK APR-03-2002 H ADDED AS A CO-SPONSOR MCKEON APR-03-2002 H THIRD READING/SHORT DEBATE/PASSED 107-010-000 APR-03-2002 H ADDED AS A CO-SPONSOR CURRY,JULIE APR-03-2002 H ADDED AS A CO-SPONSOR O'BRIEN APR-03-2002 H ADDED AS A CO-SPONSOR CROTTY APR-03-2002 H ADDED AS A CO-SPONSOR BUGIELSKI APR-03-2002 H ADDED AS A CO-SPONSOR LANG APR-03-2002 H ADDED AS A CO-SPONSOR DART APR-04-2002 S ARRIVE IN SENATE APR-04-2002 S PLACED CALENDAR ORDER OF FIRST READING 02-04-09 APR-04-2002 S CHIEF SPONSOR DILLARD APR-04-2002 S ADDED AS A CHIEF CO-SPONSOR CLAYBORNE APR-04-2002 S FIRST READING APR-04-2002 S REFERRED TO SENATE RULES COMMITTEE RULES APR-09-2002 S ADDED AS A CHIEF CO-SPONSOR TROTTER APR-11-2002 S ADDED AS A CO-SPONSOR WALSH,T APR-16-2002 S ADDED AS A CO-SPONSOR HALVORSON APR-17-2002 S ASSIGNED TO COMMITTEE EXECUTIVE APR-25-2002 S HELD IN COMMITTEE APR-25-2002 S COMMITTEE EXECUTIVE APR-26-2002 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary