Illinois General Assembly - Bill Status for SB2940

Synopsis As Introduced
Amends the State Finance Act. Provides that each fiscal year, the General Assembly shall appropriate for educational programs an amount that is equal to or exceeds the sum of (i) the total amount appropriated from general funds for educational programs during the fiscal year immediately preceding the fiscal year for which the appropriation is being made and (ii) 51% of total new general funds available for spending from estimated growth in revenues and funds available because of budgeted program growth and decline in the fiscal year for which the appropriation is being made. Provides that money from new general funds must be spent on educational programs that are not considered administrative expenditures. Effective immediately.

Actions

Date	Chamber	Action
1/20/2006	Senate	Filed with Secretary by Sen. Cheryl Axley
1/20/2006	Senate	First Reading
1/20/2006	Senate	Referred to Rules
1/9/2007	Senate	Session Sine Die

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