HC0031 101ST GENERAL ASSEMBLY

LRB101 11853 RPS 58800 e

101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HOUSE JOINT RESOLUTION
CONSTITUTIONAL AMENDMENT
HC0031

Introduced , by Rep. Allen Skillicorn

SYNOPSIS AS INTRODUCED:

ILCON Art. VIII, Sec. 5 new

Proposes to amend the Finance Article of the Illinois Constitution. Provides that public funds shall not be expended for the purpose of a subsidy or bailout of a pension fund or retirement system for members of the General Assembly or constitutional officers. Effective upon being declared adopted.

HOUSE JOINT RESOLUTION

CONSTITUTIONAL AMENDMENT

RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE HUNDRED FIRST GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE SENATE CONCURRING HEREIN, that there shall be submitted to the electors of the State for adoption or rejection at the general election next occurring at least 6 months after the adoption of this resolution a proposition to amend the Illinois Constitution in Article VIII by adding Section 5 as follows:

ARTICLE VIII

FINANCE

(ILCON Art. VIII, Sec. 5 new) SECTION 5. PROHIBITED EXPENDITURES; PENSION SUBSIDIES

Public funds shall not be expended for the purpose of a subsidy or bailout of a pension fund or retirement system for members of the General Assembly or officers under Section 1 of Article V.

SCHEDULE

This Constitutional Amendment takes effect upon being declared adopted in accordance with Section 7 of the Illinois Constitutional Amendment Act.