STATE COMPTROLLER-TECH Senate SponsorsSen. Jeffrey M. Schoenberg-Emil Jones, Jr.-Don Harmon-Edward D. Maloney-Susan Garrett House Sponsors(Rep. Michael J. Madigan-Barbara Flynn Currie-Naomi D. Jakobsson-Elaine Nekritz-Jim Watson) 2/5/2004SenatePublic Act . . . . . . . . . 93-0660 15 ILCS 405/1from Ch. 15, par. 201Amends the State Comptroller Act. Makes technical changes in a Section concerning the short title.House Amendment No. 1 Deletes reference to:15 ILCS 405/1Adds reference to:New Act30 ILCS 105/6z-51Deletes everything. Creates the Budget Stabilization Act. Limits the General Assembly's appropriations, transfers, and diversions from general funds in fiscal years in which estimated revenues exceed the prior fiscal year's general funds revenues. Specifies those limitations. Requires the transfer of the remaining revenue into the Budget Stabilization Fund. Requires that transfers from the Budget Stabilization Fund give priority to children's education and care. Beginning with fiscal year 2007, requires that the proposed State budget identify liabilities incurred in a prior fiscal year. Amends the State Finance Act. Specifies that the deficits for which the Budget Stabilization Fund may be used are cash flow deficits. Effective July 1, 2004. 2/19/2003SenateFiled with Secretary by Sen. Ira I. Silverstein 2/19/2003SenateChief Co-Sponsor Sen. Emil Jones, Jr. 2/19/2003SenateFirst Reading 2/19/2003SenateReferred to Rules 3/5/2003SenateAssigned to Executive 3/13/2003SenateDo Pass Executive; 008-005-000 3/13/2003SenatePlaced on Calendar Order of 2nd Reading March 18, 2003 3/18/2003SenateSecond Reading 3/18/2003SenatePlaced on Calendar Order of 3rd Reading ** March 19, 2003 3/27/2003SenateVerified 3/27/2003SenateThird Reading - Passed; 032-016-002 3/27/2003HouseArrived in House 3/27/2003HousePlaced on Calendar Order of First Reading 3/27/2003HouseChief House Sponsor Rep. Michael J. Madigan 3/27/2003HouseFirst Reading 3/27/2003HouseReferred to Rules Committee 3/31/2003HouseAssigned to Executive Committee 5/2/2003HouseRule 19(a) / Re-referred to Rules Committee 5/14/2003HouseAssigned to Executive Committee 5/14/2003HouseCommittee/3rd Reading Deadline Extended-Rule 9(b); May 31, 2003 5/29/2003HouseDo Pass / Short Debate Executive Committee; 007-005-000 5/29/2003HousePlaced on Calendar 2nd Reading - Short Debate ** 5/29/2003HouseSecond Reading - Short Debate 5/29/2003HouseHeld on Calendar Order of Second Reading - Short Debate ** 6/1/2003HouseRule 19(a) / Re-referred to Rules Committee 11/17/2003HouseApproved for Consideration Rules Committee; 004-000-000 11/17/2003HousePlaced on Calendar 2nd Reading - Short Debate 11/19/2003HouseHouse Amendment No. 1 Filed with Clerk by Rep. Michael J. Madigan 11/19/2003HouseHouse Amendment No. 1 Referred to Rules Committee 11/19/2003HouseHouse Amendment No. 1 Rules Refers to State Government Administration Committee 11/19/2003HouseAdded Alternate Chief Co-Sponsor Rep. Barbara Flynn Currie 11/19/2003HouseHouse Amendment No. 1 Recommends Be Adopted State Government Administration Committee; 011-000-000 11/19/2003SenateAdded as Chief Co-Sponsor Sen. Don Harmon 11/19/2003SenateAdded as Chief Co-Sponsor Sen. Edward D. Maloney 11/19/2003SenateAdded as Chief Co-Sponsor Sen. Susan Garrett 11/19/2003SenateChief Sponsor Changed to Sen. Jeffrey M. Schoenberg 11/19/2003HouseAdded Alternate Chief Co-Sponsor Rep. Naomi D. Jakobsson 11/19/2003HouseAdded Alternate Chief Co-Sponsor Rep. Elaine Nekritz 11/19/2003HouseAdded Alternate Chief Co-Sponsor Rep. Jim Watson 11/19/2003HouseSecond Reading - Short Debate 11/19/2003HouseHouse Amendment No. 1 Adopted by Voice Vote 11/19/2003HousePlaced on Calendar Order of 3rd Reading - Short Debate 11/19/2003HouseThird Reading - Short Debate - Passed 111-001-001 11/19/2003SenateSecretary's Desk - Concurrence House Amendment(s) 01 11/19/2003SenatePlaced on Calendar Order of Concurrence House Amendment(s) 01-November 20, 2003 11/19/2003SenateHouse Amendment No. 1 Motion to Concur Filed with Secretary Sen. Jeffrey M. Schoenberg 11/19/2003SenateHouse Amendment No. 1 Motion to Concur Referred to Rules 11/20/2003SenateHouse Amendment No. 1 Motion to Concur Filed with Secretary Sen. Jeffrey M. Schoenberg; Corrected Motion 11/20/2003SenateHouse Amendment No. 1 Motion to Concur Referred to Rules 11/20/2003SenateHouse Amendment No. 1 Motion to Concur Rules Referred to State Government; -Corrected Motion 11/20/2003SenateHouse Amendment No. 1 Motion to Concur Be Approved for Consideration State Government; 009-000-000; -Corrected Motion 11/20/2003SenateHouse Amendment No. 1 Senate Concurs 033-022-000 11/20/2003SenatePassed Both Houses 12/9/2003SenateSent to the Governor 2/5/2004SenateGovernor Approved 2/5/2004SenateEffective Date July 1, 2004 2/5/2004SenatePublic Act . . . . . . . . . 93-0660