<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 1424   </title>
<shortdesc>REVENUE ESTIMATING COUNCIL</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Michael W. Frerichs-Michael Bond</sponsors>
</sponsor>
<lastaction>
<statusdate>1/12/2011</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>15 ILCS 20/50-5</reference><aliasreference>was 15 ILCS 20/38</aliasreference><reference>15 ILCS 20/50-5.5 new</reference><aliasreference></aliasreference><reference>25 ILCS 155/4</reference><aliasreference>from Ch. 63, par. 344</aliasreference><SynopsisText>Amends the State Budget Law of the Civil Administrative Code of Illinois and the Commission on Government Forecasting and Accountability Act. Creates a Revenue Estimating Council consisting of the Governor, the State Comptroller, and the co-chairs of the Commission on Government Forecasting and Accountability. Beginning in 2010, 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.</SynopsisText></synopsis>
<actions>
<statusdate>2/11/2009</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Michael W. Frerichs</action>
<statusdate>2/11/2009</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/11/2009</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/11/2009</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Michael Bond</action>
<statusdate>3/4/2009</statusdate><chamber>Senate</chamber><action>Assigned to Judiciary</action>
<statusdate>3/11/2009</statusdate><chamber>Senate</chamber><action>Held in Judiciary</action>
<statusdate>3/13/2009</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>1/12/2011</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

