Illinois General Assembly - Bill Status for HJRCA0059

Synopsis As Introduced
Proposes to amend the Finance Article of the Illinois Constitution. Beginning in Fiscal Year 2014, limits aggregate appropriations and transfers from the State's general funds in a fiscal year to the aggregate appropriations and transfers in the previous fiscal year, as adjusted by the 5-year average annual change in per capita personal income. Allows the Governor to declare a fiscal emergency. If the Comptroller and Treasurer concur in the Governor's declaration, then the General Assembly, by a three-fifths vote, may authorize appropriations and transfers by law that exceed the limitation. Requires excess revenues to be deposited into budget stabilization funds, and allows certain excess funds to be refunded. Effective upon being declared adopted.

Actions

Date	Chamber	Action
11/29/2010	House	Filed with the Clerk by Rep. Keith Farnham
11/29/2010	House	Read in Full a First Time
11/29/2010	House	Referred to Rules Committee
11/30/2010	House	Assigned to State Government Administration Committee
11/30/2010	House	Added Chief Co-Sponsor Rep. Jack D. Franks
11/30/2010	House	Added Co-Sponsor Rep. Monique D. Davis
1/11/2011	House	Session Sine Die

×