Full Text of HB2379 100th General Assembly
HB2379enr 100TH GENERAL ASSEMBLY |
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| 1 | | AN ACT concerning State government
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 1. Short title. This Act may be cited as the Fiscal | 5 | | Impact Statement Act. | 6 | | Section 5. Fiscal Impact Statement. Every executive order | 7 | | of the Governor, the purpose or effect of which is to expend | 8 | | any State funds or to increase or decrease the revenues of the | 9 | | State, either directly or indirectly, shall include a fiscal | 10 | | impact statement. A fiscal impact statement shall contain a | 11 | | reliable estimate of the anticipated change in State | 12 | | expenditures or revenues under its provisions together with a | 13 | | reliable estimate of the fiscal impact of its provisions, | 14 | | including but not limited to:
| 15 | | (1) The designation of the fund or funds out of which | 16 | | any expenditures under the order shall be made.
| 17 | | (2) The probable cost for the fiscal year the order is | 18 | | implemented.
| 19 | | (3) A projected cost estimate of the order for each of | 20 | | the 5 succeeding fiscal years.
| 21 | | (4) The probable loss of revenue for the fiscal year of | 22 | | its implementation.
| 23 | | (5) A projected loss of revenue from the order for each |
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| 1 | | of the 5 succeeding fiscal years.
| 2 | | The fiscal impact statement shall also include an | 3 | | explanation of the methodology used to determine the estimated | 4 | | direct and indirect costs or estimated impact.
| 5 | | Section 10. Bond authority; bond rates. If an executive | 6 | | order affects bond authority or bond rates, the fiscal impact | 7 | | statement shall be prepared by the Governor's Office of | 8 | | Management and Budget specifying the estimated total effect on | 9 | | principal and interest. The fiscal impact statement shall | 10 | | include the total principal on all other then-outstanding Bonds | 11 | | of the State. | 12 | | Section 15. Filing. The fiscal impact statement shall be | 13 | | filed with the Office of the Secretary of State. The fiscal | 14 | | impact statement shall be published on the Office of the | 15 | | Governor's website together with the executive order. | 16 | | Section 20. Preparation. | 17 | | (a) Prior to filing the executive order with the Secretary | 18 | | of State, the Governor shall provide a copy of the executive | 19 | | order to the board, commission, department, agency, or other | 20 | | entity of the State which is responsible for implementation of | 21 | | the order. The fiscal impact statement shall be prepared by the | 22 | | board, commission, department, agency, or other entity and | 23 | | furnished to the Governor. Whenever any executive order for |
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| 1 | | which a fiscal impact statement is required affects more than | 2 | | one State board, commission, department, agency, or other | 3 | | entity, the board, commission, department, agency, or other | 4 | | entity most affected by its provisions according to the | 5 | | Governor shall be responsible for preparation of the statement. | 6 | | Whenever any executive order for which a fiscal impact | 7 | | statement is required does not affect a specific board, | 8 | | commission, department, agency or other such entity, the | 9 | | Governor's Office of Management and Budget shall be responsible | 10 | | for preparation of the statement.
| 11 | | (b) In the case of the executive order having a potential | 12 | | fiscal impact on school districts, the fiscal impact statement | 13 | | shall be prepared by the State Superintendent of Education. In | 14 | | the case of the executive order having a potential fiscal | 15 | | impact on community college districts, the fiscal impact | 16 | | statement shall be prepared by the Illinois Community College | 17 | | Board. In the case of the executive order having a potential | 18 | | fiscal impact on state universities, the fiscal impact | 19 | | statement shall be prepared by the Illinois Board of Higher | 20 | | Education.
| 21 | | (c) In the case of the executive order having a potential | 22 | | fiscal impact on units of local government, the fiscal impact | 23 | | statement shall be prepared by the Department of Commerce and | 24 | | Economic opportunity.
| 25 | | Section 99. Effective date. This Act takes effect upon | 26 | | becoming law.
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