HB0111 EngrossedLRB097 05590 PJG 45652 b

1    AN ACT concerning finance.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The State Finance Act is amended by adding
5Section 11.2 as follows:
 
6    (30 ILCS 105/11.2 new)
7    Sec. 11.2. PAYGO budgeting. If a Public Act requires
8additional spending from State funds, then no appropriation for
9the additional spending required by the Public Act may be
10obligated or expended unless the Commission on Government
11Forecasting and Accountability certifies to the State
12Comptroller that the same or another Public Act specifically
13identifies adequate decreases in expenditures or enhancements
14in revenues to completely offset the additional spending
15required by the Public Act.
 
16    Section 99. Effective date. This Act takes effect upon
17becoming law.