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Synopsis As Introduced Appropriates $2 from the General Revenue Fund to the Board of Trustees of the Illinois State University for its FY 16 ordinary and contingent expenses.
Senate Floor Amendment No. 2 Replaces everything after the enacting clause. Makes appropriations and reappropriations to various State agencies and educational institutions for specified purposes. Provides that all appropriation authority granted in the Act shall be used only for costs for services for which spending authority has not been authorized for fiscal year 2016 by any order of any court. Provides that the appropriation authority granted in the Act shall be valid for costs incurred prior to July 1, 2016. Effective immediately.
House Committee Amendment No. 1 Appropriates $2 from the General Revenue Fund to the Board of Trustees of the Illinois State University for its FY 16 ordinary and contingent expenses.
House Floor Amendment No. 3 Replaces everything after the enacting clause. Makes appropriations to: universities for specified purposes; the Illinois Community College Board for grants to community colleges; the Illinois Mathematics and Science Academy for ordinary and contingent expenses; and the Illinois Student Assistance Commission for grant awards to students eligible for the Monetary Award Program and agency administrative and operational costs. Provides that the appropriation authority is valid only for costs incurred before September 1, 2016. Effective immediately.
State Debt Impact Note, House Floor Amendment No. 3 (Government Forecasting & Accountability)
SB 2059 (H-AM 3) would not change the amount of authorization for any type of State-issued or State-supported bond, and, therefore, would not affect the level of State indebtedness.
SB 2059 (H-AM 3) will not impact any public pension fund or retirement system in Illinois.
State Mandates Fiscal Note, House Floor Amendment No. 3 (Dept. of Commerce & Economic Opportunity)
This bill does not create a State mandate.
Balanced Budget Note, House Floor Amendment No. 3 (Office of Management and Budget)
All appropriations in this bill are from the Education Assistance Fund and there are sufficient FY16 revenues for this fund to support these appropriations. The funds in the Education Assistance Fund can only be utilized for education funding and Senate Bill 2059 (H-AM 3) does not add to the FY16 budget deficit already projected by the Governor's Office of Management and Budget.
Fiscal Note (IL Board of Higher Education)
This amendment makes the following appropriations payable from the Education Assistance Fund (EAF) for costs incurred prior to September 1, 2016, as follows: (1) $20,107,300 -Chicago State University; (2) $6,974,400 - Governors State University; (3) $74,142,300- Illinois Community College Board; (4) $6,000,000 -Illinois Mathematics and Science Academy; (5) $10,695,100 - Northeastern Illinois University; (6) $57,482,200 - Southern Illinois University; (7) $168,989,500 - University of Illinois; (8) $11,104,600 - University of Illinois, Hospital; (9) $12,456,500 - Eastern Illinois University; (10) $20,934,900 - Illinois State University; (11) $169,798,700 - Illinois Student Assistance Commission, MAP Awards; (12) $26,403,200 - Northern Illinois University; (13) $14,911,400 - Western Illinois University. In total, the amendment appropriates $600,000,100 from the Education Assistance Fund. According to the State Comptroller's Ledger website, the "ending daily balance" in the Education Assistance Fund on April 19, 2016 was $302.7 million. Since the Illinois Board of Higher Education is not privy to fiscal information regarding all obligations anticipated to be payable from the EAF for Fiscal Year 2016, a budgetary balance statement cannot therefore be provided. However, pursuant to the Balanced Budget Impact Note filed on April 21, 2016 by the Governor's Office of Management and Budget, the office responsible for such monitoring such of state funds and recording obligations to be drawn accordingly, reports there will be sufficient revenues in the EAF to meet the appropriations provided in this legislation. Specifically, the Note states: "All appropriations in this bill are from the Education Assistance Fund and there are sufficient FY16 revenues for this fund to support these appropriations. The funds in the Education Assistance Fund can only be utilized for education funding and Senate Bill 2059 (H-AM 3) does not add to the FY16 budget deficit already projected by the Governor's Office of Management and Budget."
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