Synopsis As Introduced Amends the Illinois Finance Authority Act and the State Finance Act. Provides that the Illinois Finance Authority must establish a financially distressed provider revolving loan program. Provides that the Authority may issue bonds in an aggregate principal amount not to exceed $300,000,000 for the purpose of providing short-term, no-interest loans to qualified health care and human services providers. Provides that certain amounts shall be transferred from cigarette tax receipts into the Financially Distressed Provider Debt Service Fund, and amends the State Finance Act to create the Financially Distressed Provider Debt Service Fund. Amends the Cigarette Tax Act to make conforming changes. Amends the State Comptroller Act to provide that delinquent loan amounts may be offset from warrants. Effective immediately.
Senate Floor Amendment No. 1 Provides that the Illinois Finance Authority shall charge a reasonable fee to qualified providers and shall be paid its costs of issuance of bonds. Provides that the costs of issuance of bonds shall not exceed 2% (instead of one and one-half percent) of the principal amount of the proceeds. Makes technical and language placement corrections.
Replaces everything after the enacting clause. Amends the State Budget Law of the Civil Administrative Code of Illinois. Provides that the Governor is required to submit written quarterly financial reports (instead of written quarterly budget statements) on all appropriated funds. Provides that the reports shall be submitted to the State Comptroller and General Assembly no later than 45 days after the last day of each quarter of the fiscal year (instead of Wednesday of the last week of the last month of each quarter) and shall be posted on a website maintained by the Governor's Office of Management and Budget (instead of the Comptroller's website) on the same day. Provides that revenue estimates must be based solely on (i) revenue sources, rates, and levels that exist as of the date of the submission of the State budget for the fiscal year and (ii) revenue sources, rates, and levels that have been passed by the General Assembly as of the date of the submission of the State budget for the fiscal year and that will take effect in that fiscal year. Provides that the Governor shall establish available revenue, deduct the cost of essential government services, and assign a percentage of the remaining revenue to each statewide prioritized goal. Provides that, no later than July 31 of each fiscal year beginning in 2012, the Governor shall establish a commission for the purpose of setting statewide outcomes and goals. Requires the commission to submit a report to the Governor and the General Assembly by November 1 of each year. Provides that the General Assembly may object to the commission's report by joint resolution. Provides that the budgets submitted by the Governor and appropriations made by the General Assembly for all executive branch State agencies must adhere to a method of budgeting where each priority must be justified each year according to merit rather than according to the amount appropriated for the preceding year. Amends the Illinois Public Labor Relations Act. Provides that no collective bargaining agreement entered into on or after the effective date of the amendatory Act between an executive branch constitutional officer or any agency or department of an executive branch constitutional officer and a labor organization may extend beyond June 30th of the year in which the terms of office of executive branch constitutional officers begin. Provides that no collective bargaining agreement entered into on or after the effective date of the amendatory Act between an executive branch constitutional officer or any agency or department of an executive branch constitutional officer and a labor organization may provide for an increase in salary, wages, or benefits starting on or after the first day of the terms of office of executive branch constitutional officers and ending June 30th of that same year. Provides that any collective bargaining agreement in violation of these provisions is terminated and rendered null and void by operation of law. Amends the Illinois Grant Funds Recovery Act. Provides that: any grant funds and any grant program administered by a grantor agency subject to the Act are indefinitely suspended on July 1, 2012, and on July 1st of every 5th year thereafter, unless the General Assembly, acting by Joint Resolution, authorizes that grantor agency to make grants or lifts the suspension of the authorization of that grantor agency to make grants; in the case of a suspension of the authorization of a grantor agency to make grants, the authority of that grantor agency to make grants is suspended until the suspension is explicitly lifted by Joint Resolution by the General Assembly, even if an appropriation has been made for the explicit purpose of such grants; and the suspension of grant making authority supersedes any other law or rule to the contrary. Effective immediately.