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 Bill Status of HB3871  100th General Assembly


Short Description:  STATE GOV-PRIORITY OF PAYMENTS

House Sponsors
Rep. Robert Martwick - Katie Stuart - Litesa E. Wallace, William Davis, Cynthia Soto, Elizabeth Hernandez, André Thapedi, La Shawn K. Ford, Silvana Tabares, Marcus C. Evans, Jr., LaToya Greenwood, Robert Rita, Carol Ammons, Michael Halpin, Mary E. Flowers, Melissa Conyears-Ervin, Jehan Gordon-Booth, Jaime M. Andrade, Jr., Will Guzzardi, Thaddeus Jones, Kathleen Willis, Justin Slaughter, Arthur Turner, Linda Chapa LaVia, Laura Fine, Robyn Gabel, Sara Feigenholtz and Camille Y. Lilly

Last Action
DateChamber Action
  7/6/2017HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
15 ILCS 20/50-23 new
15 ILCS 20/50-24 new
15 ILCS 405/9.5 new
15 ILCS 505/11from Ch. 130, par. 11
30 ILCS 330/14from Ch. 127, par. 664


Synopsis As Introduced
Amends the State Budget Law. Provides for a continuing appropriation for funding of public education and human services. Amends the State Comptroller Act. Provides that if any cash flow deficit resulting from timing variation between disbursement and receipt of funds in the General Revenue Fund is anticipated, the Comptroller's efforts to manage timing variations shall include issuing payments for education and human services before issuing payments for financial services. Amends the State Treasurer Act. Provides that when any warrant is presented to the State Treasurer to be countersigned, he shall do so if the warrant is in proper form, there are sufficient moneys in the fund to pay the warrant, and payments for education and human services have been issued. Amends the General Obligation Bond Act. Provides that the irrevocable and continuing authority to appropriate funds under the Act shall cover payments to bondholders, but shall not cover fees for credit enhancements or net payments on interest rate swap agreements, or financial futures contracts associated with General Obligation Bonds. Defines terms.

House Committee Amendment No. 2
Adds reference to:
30 ILCS 330/9from Ch. 127, par. 659
30 ILCS 330/15from Ch. 127, par. 665

Replaces everything after the enacting clause. Reinserts the provisions of the bill as introduced with changes. Removes language providing that the aggregate appropriations available for funding of public education and human services in this State from all State funds for each State fiscal year shall be no less than the total aggregate appropriations made available for funding of public education and human services in this State for the immediately preceding fiscal year. Removes language providing for an irrevocable and continuing appropriation for the funding of public education and human services at the previous year's levels, and the irrevocable and continuing authority for and direction to the State Treasurer and the Comptroller to make payments at those levels. Provides that if any cash flow deficit resulting from timing variation between disbursement and receipt of funds in the General Revenue Fund is anticipated, in efforts to manage timing variations, the Comptroller shall prioritize payments for education and human services relative to payments for financial services. Provides that when any warrant is presented to the State Treasurer to be countersigned, he shall do so, among other requirements, if the Comptroller certifies that specified provisions of the State Comptroller Act have been followed (currently, the Comptroller is not required to certify). Provides that the estimate of the amounts of net payments to be included in the calculation of interest required to be paid by the State shall be itemized by each agreement or contract for which a net amount has been included. Provides that the amounts included in appropriations for the payment of interest on variable rate bonds shall include the total amount (rather than amounts) certified by the Director of the Governor's Office of Management and Budget. Removes language providing that the irrevocable and continuing authority to appropriate funds under the General Obligation Bond Act shall cover payments to bondholders, but shall not cover fees for credit enhancements or net payments on interest rate swap agreements, or financial futures contracts associated with General Obligation Bonds. Provides that any amounts included in the Comptroller's computations and certifications of specified payable interest that are based on amounts from the Director of the Governor's Office of Management and Budget certified under a specified Section shall be itemized by each agreement or contract for which a net amount has been included. Provides that computations on specified payable interest that include amounts certified under a specified Section shall be itemized by each agreement or contract for which a net amount is included, and documents created by either the State Treasurer or State Comptroller in the course of executing transfers and payments shall include this itemization. Modifies the term "Payments for financial services".

 Fiscal Note, House Committee Amendment No. 2 (Office of Management and Budget)
 The fiscal impact of HB 3871, as amended by House Amendment 2, would exceed $100 million for the termination payments based on today's market.

Actions 
DateChamber Action
  2/10/2017HouseFiled with the Clerk by Rep. Robert Martwick
  2/10/2017HouseFirst Reading
  2/10/2017HouseReferred to Rules Committee
  3/1/2017HouseAssigned to Executive Committee
  3/9/2017HouseAdded Chief Co-Sponsor Rep. Katie Stuart
  3/15/2017HouseAdded Chief Co-Sponsor Rep. Litesa E. Wallace
  3/15/2017HouseAdded Co-Sponsor Rep. William Davis
  3/15/2017HouseAdded Co-Sponsor Rep. Cynthia Soto
  3/16/2017HouseAdded Co-Sponsor Rep. Elizabeth Hernandez
  3/16/2017HouseAdded Co-Sponsor Rep. André Thapedi
  3/16/2017HouseAdded Co-Sponsor Rep. La Shawn K. Ford
  3/16/2017HouseAdded Co-Sponsor Rep. Silvana Tabares
  3/16/2017HouseAdded Co-Sponsor Rep. Marcus C. Evans, Jr.
  3/16/2017HouseAdded Co-Sponsor Rep. LaToya Greenwood
  3/16/2017HouseAdded Co-Sponsor Rep. Robert Rita
  3/20/2017HouseAdded Co-Sponsor Rep. Carol Ammons
  3/20/2017HouseAdded Co-Sponsor Rep. Michael Halpin
  3/22/2017HouseAdded Co-Sponsor Rep. Mary E. Flowers
  3/23/2017HouseAdded Co-Sponsor Rep. Melissa Conyears-Ervin
  3/23/2017HouseAdded Co-Sponsor Rep. Jehan Gordon-Booth
  3/29/2017HouseAdded Co-Sponsor Rep. Jaime M. Andrade, Jr.
  3/29/2017HouseAdded Co-Sponsor Rep. Will Guzzardi
  3/29/2017HouseAdded Co-Sponsor Rep. Thaddeus Jones
  3/29/2017HouseAdded Co-Sponsor Rep. Kathleen Willis
  3/29/2017HouseAdded Co-Sponsor Rep. Justin Slaughter
  3/31/2017HouseCommittee Deadline Extended-Rule 9(b) April 28, 2017
  4/5/2017HouseAdded Co-Sponsor Rep. Arthur Turner
  4/11/2017HouseAdded Co-Sponsor Rep. Linda Chapa LaVia
  4/19/2017HouseAdded Co-Sponsor Rep. Laura Fine
  4/21/2017HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Robert Martwick
  4/21/2017HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  4/24/2017HouseHouse Committee Amendment No. 1 Rules Refers to Executive Committee
  4/28/2017HouseRule 19(a) / Re-referred to Rules Committee
  4/28/2017HouseHouse Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
  5/23/2017HouseAssigned to Executive Committee
  5/23/2017HouseHouse Committee Amendment No. 1 Rules Refers to Executive Committee
  5/23/2017HouseFinal Action Deadline Extended-9(b) May 26, 2017
  5/24/2017HouseHouse Committee Amendment No. 2 Filed with Clerk by Rep. Robert Martwick
  5/24/2017HouseHouse Committee Amendment No. 2 Referred to Rules Committee
  5/25/2017HouseHouse Committee Amendment No. 2 Rules Refers to Executive Committee
  5/25/2017HouseAdded Co-Sponsor Rep. Robyn Gabel
  5/26/2017HouseFinal Action Deadline Extended-9(b) May 31, 2017
  5/26/2017HouseAdded Co-Sponsor Rep. Sara Feigenholtz
  5/28/2017HouseAdded Co-Sponsor Rep. Camille Y. Lilly
  5/29/2017HouseHouse Committee Amendment No. 2 Adopted in Executive Committee; by Voice Vote
  5/29/2017HouseDo Pass as Amended / Short Debate Executive Committee; 006-004-000
  5/29/2017HouseHouse Committee Amendment No. 1 Tabled Pursuant to Rule 40
  5/29/2017HousePlaced on Calendar 2nd Reading - Short Debate
  5/29/2017HouseHouse Committee Amendment No. 2 Fiscal Note Requested as Amended by Rep. Tom Demmer
  5/29/2017HouseHouse Committee Amendment No. 2 State Mandates Fiscal Note Requested as Amended by Rep. Tom Demmer
  5/29/2017HouseSecond Reading - Short Debate
  5/29/2017HouseHeld on Calendar Order of Second Reading - Short Debate
  5/31/2017HouseFinal Action Deadline Extended-9(b) June 30, 2017
  6/27/2017HouseHouse Committee Amendment No. 2 Fiscal Note Filed as Amended
  6/30/2017HouseFinal Action Deadline Extended-9(b) July 7, 2017
  7/6/2017HouseRule 19(a) / Re-referred to Rules Committee

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