Illinois General Assembly - Full Text of HB0308
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Full Text of HB0308  96th General Assembly

HB0308ham001 96TH GENERAL ASSEMBLY

Executive Committee

Filed: 2/4/2009

 

 


 

 


 
09600HB0308ham001 LRB096 04290 RCE 15839 a

1
AMENDMENT TO HOUSE BILL 308

2     AMENDMENT NO. ______. Amend House Bill 308 by replacing
3 everything after the enacting clause with the following:
 
4     "Section 5. The State Budget Law of the Civil
5 Administrative Code of Illinois is amended by changing Section
6 50-5 as follows:
 
7     (15 ILCS 20/50-5)  (was 15 ILCS 20/38)
8     Sec. 50-5. Governor to submit State budget. The Governor
9 shall, as soon as possible and not later than the third first
10 Wednesday in March in 2009 2007 (March 18 7, 2009 2007) and the
11 third Wednesday in February of each year beginning in 2010
12 2008, except as otherwise provided in this Section, submit a
13 State budget, embracing therein the amounts recommended by the
14 Governor to be appropriated to the respective departments,
15 offices, and institutions, and for all other public purposes,
16 the estimated revenues from taxation, the estimated revenues

 

 

09600HB0308ham001 - 2 - LRB096 04290 RCE 15839 a

1 from sources other than taxation, and an estimate of the amount
2 required to be raised by taxation. In 2004 only, the Governor
3 shall submit the capital development section of the State
4 budget not later than the fourth Tuesday of March (March 23,
5 2004). The amounts recommended by the Governor for
6 appropriation to the respective departments, offices and
7 institutions shall be formulated according to the various
8 functions and activities for which the respective department,
9 office or institution of the State government (including the
10 elective officers in the executive department and including the
11 University of Illinois and the judicial department) is
12 responsible. The amounts relating to particular functions and
13 activities shall be further formulated in accordance with the
14 object classification specified in Section 13 of the State
15 Finance Act.
16     The Governor shall not propose expenditures and the General
17 Assembly shall not enact appropriations that exceed the
18 resources estimated to be available, as provided in this
19 Section.
20     For the purposes of Article VIII, Section 2 of the 1970
21 Illinois Constitution, the State budget for the following funds
22 shall be prepared on the basis of revenue and expenditure
23 measurement concepts that are in concert with generally
24 accepted accounting principles for governments:
25         (1) General Revenue Fund.
26         (2) Common School Fund.

 

 

09600HB0308ham001 - 3 - LRB096 04290 RCE 15839 a

1         (3) Educational Assistance Fund.
2         (4) Road Fund.
3         (5) Motor Fuel Tax Fund.
4         (6) Agricultural Premium Fund.
5     These funds shall be known as the "budgeted funds". The
6 revenue estimates used in the State budget for the budgeted
7 funds shall include the estimated beginning fund balance, plus
8 revenues estimated to be received during the budgeted year,
9 plus the estimated receipts due the State as of June 30 of the
10 budgeted year that are expected to be collected during the
11 lapse period following the budgeted year, minus the receipts
12 collected during the first 2 months of the budgeted year that
13 became due to the State in the year before the budgeted year.
14 Revenues shall also include estimated federal reimbursements
15 associated with the recognition of Section 25 of the State
16 Finance Act liabilities. For any budgeted fund for which
17 current year revenues are anticipated to exceed expenditures,
18 the surplus shall be considered to be a resource available for
19 expenditure in the budgeted fiscal year.
20     Expenditure estimates for the budgeted funds included in
21 the State budget shall include the costs to be incurred by the
22 State for the budgeted year, to be paid in the next fiscal
23 year, excluding costs paid in the budgeted year which were
24 carried over from the prior year, where the payment is
25 authorized by Section 25 of the State Finance Act. For any
26 budgeted fund for which expenditures are expected to exceed

 

 

09600HB0308ham001 - 4 - LRB096 04290 RCE 15839 a

1 revenues in the current fiscal year, the deficit shall be
2 considered as a use of funds in the budgeted fiscal year.
3     Revenues and expenditures shall also include transfers
4 between funds that are based on revenues received or costs
5 incurred during the budget year.
6     By March 15 of each year, the Commission on Government
7 Forecasting and Accountability shall prepare revenue and fund
8 transfer estimates in accordance with the requirements of this
9 Section and report those estimates to the General Assembly and
10 the Governor.
11     For all funds other than the budgeted funds, the proposed
12 expenditures shall not exceed funds estimated to be available
13 for the fiscal year as shown in the budget. Appropriation for a
14 fiscal year shall not exceed funds estimated by the General
15 Assembly to be available during that year.
16 (Source: P.A. 93-1, eff. 2-6-03; 93-662, eff. 2-11-04; 93-1067,
17 eff. 1-15-05; 94-1108, eff. 2-16-07.)
 
18     Section 99. Effective date. This Act takes effect upon
19 becoming law.".