Illinois General Assembly - Bill Status for SB1229

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Bill Status of SB1229 97th General Assembly

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Short Description: SPENDING LIMITATION ACT

Senate Sponsors
Sen. Chris Lauzen

Last Action

Date	Chamber	Action
1/8/2013	Senate	Session Sine Die

Statutes Amended In Order of Appearance

New Act

30 ILCS 105/5.780 new

Synopsis As Introduced
Creates the Taxpayer Bill of Rights Spending Limitation Act. Establishes fiscal year spending limits based on inflation and population changes. Creates an Emergency Reserve Cash Fund, requires transfers to the Fund based on revenues limits, and requires expenditures only for emergencies and from appropriations adopted by a two-thirds vote of the House and Senate. Allows transfer of excess amounts in the Fund. Amends the State Finance Act to create the Fund. Effective immediately.

Actions

Date	Chamber	Action
2/8/2011	Senate	Filed with Secretary by Sen. Chris Lauzen
2/8/2011	Senate	First Reading
2/8/2011	Senate	Referred to Assignments
2/23/2011	Senate	Assigned to Executive
3/3/2011	Senate	To Executive Subcommittee on State Government Operations; /3-14-2011 - Postponed
3/17/2011	Senate	Postponed - Executive
3/18/2011	Senate	Rule 3-9(a) / Re-referred to Assignments
1/8/2013	Senate	Session Sine Die

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