Illinois General Assembly - Bill Status for HB3135

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Bill Status of HB3135 101st General Assembly

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Short Description: LOCAL ACCUMULATION OF FUNDS

House Sponsors
Rep. Brad Halbrook

Last Action

Date	Chamber	Action
1/13/2021	House	Session Sine Die

Statutes Amended In Order of Appearance

New Act

60 ILCS 1/85-65 rep.

Synopsis As Introduced
Creates the Local Accumulation of Funds Act. Provides that a unit of local government's funds, excluding the capital fund, shall not exceed an amount equal to or greater than 2.5 times the annual average expenditure of the previous 3 fiscal years of the unit of local government. Defines "capital fund" as a capital fund of a township or a similar fund of another unit of local government established to dedicate funds toward capital improvement as a part of the unit of local government's annual budget. Effective immediately.

Actions

Date	Chamber	Action
2/15/2019	House	Filed with the Clerk by Rep. Brad Halbrook
2/15/2019	House	First Reading
2/15/2019	House	Referred to Rules Committee
3/5/2019	House	Assigned to Cities & Villages Committee
3/29/2019	House	Rule 19(a) / Re-referred to Rules Committee
1/13/2021	House	Session Sine Die

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