REVENUE ESTIMATING COUNCIL Senate SponsorsSen. Jeffrey M. Schoenberg-James F. Clayborne, Jr. and Kirk W. Dillard-Don Harmon-Barack Obama House Sponsors(Rep. Gary Hannig-Charles G. Morrow III) 1/11/2005SenateSession Sine Die 15 ILCS 20/50-5was 15 ILCS 20/3815 ILCS 20/50-5.5 new25 ILCS 155/4from Ch. 63, par. 344Amends the State Budget Law of the Civil Administrative Code of Illinois and the Illinois Economic and Fiscal Commission Act. Creates a Revenue Estimating Council consisting of the State Comptroller and the Directors of the Bureau of the Budget and the Economic and Fiscal Commission. Beginning in 2005, requires the Council to estimate the State's revenues and fund availability and to report and update the estimates to the Governor and General Assembly. Effective immediately.State Debt Impact Note (Economic and Fiscal Commission) SB 1758 would have no fiscal impact on the Economic and Fiscal Commission. In addition, the bill would not affect State revenues or expenditures. 2/20/2003SenateFiled with Secretary by Sen. Jeffrey M. Schoenberg 2/20/2003SenateChief Co-Sponsor Sen. James F. Clayborne, Jr. 2/20/2003SenateFirst Reading 2/20/2003SenateReferred to Rules 2/27/2003SenateAssigned to State Government 3/13/2003SenateDo Pass State Government; 009-000-000 3/13/2003SenatePlaced on Calendar Order of 2nd Reading March 18, 2003 3/13/2003SenateAdded as Co-Sponsor Sen. Kirk W. Dillard 3/18/2003SenateFiscal Note Requested by Sen. Dale E. Risinger 3/25/2003SenateState Debt Impact Note Filed 3/26/2003SenateSecond Reading 3/26/2003SenatePlaced on Calendar Order of 3rd Reading March 27, 2003 3/27/2003SenateAdded as Chief Co-Sponsor Sen. Don Harmon 3/27/2003SenateAdded as Chief Co-Sponsor Sen. Barack Obama 3/27/2003SenateThird Reading - Passed; 035-018-001 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 3/28/2003HouseAlternate Chief Sponsor Changed to Rep. Gary Hannig 3/28/2003HouseAdded Alternate Chief Co-Sponsor Rep. Charles G. Morrow, III 1/11/2005SenateSession Sine Die