Bill Status of SB2554 102nd General Assembly
Short Description: FINANCE-BUDGET STABILIZATION
Sen. Heather A. Steans - Omar Aquino - Andy Manar - Dan McConchie, Cristina Castro and Bill Cunningham
| 1/13/2021||Senate||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the State Budget Law of the Civil Administrative Code of Illinois. Provides that "general funds" or "State general funds" as used under the Act includes the Pension Stabilization Fund. Amends the State Finance Act. Provides that for fiscal year 2022 and subsequent fiscal years, any transfers into the Budget Stabilization Fund may be transferred to the General Revenue Fund in order for the Comptroller to address outstanding vouchers, and shall not be subject to repayment into the Budget Stabilization Fund if the bill backlog as determined by the Comptroller on June 30 of that fiscal year exceeds $4,000,000,000. Amends the Budget Stabilization Act. Modifies provisions concerning requirements for and transfers into the Budget Stabilization Fund and the Pension Stabilization Fund regarding the State's backlog of bills. Effective immediately.
|Date||Chamber|| Action|| 1/29/2020||Senate||Filed with Secretary by Sen. Heather A. Steans|| 1/29/2020||Senate||First Reading|| 1/29/2020||Senate||Referred to Assignments|| 2/4/2020||Senate||Assigned to State Government|| 2/5/2020||Senate||Added as Chief Co-Sponsor Sen. Omar Aquino|| 2/5/2020||Senate||Added as Chief Co-Sponsor Sen. Andy Manar|| 2/6/2020||Senate||Added as Chief Co-Sponsor Sen. Dan McConchie|| 2/19/2020||Senate||Do Pass State Government; 007-000-000|| 2/19/2020||Senate||Placed on Calendar Order of 2nd Reading February 20, 2020|| 2/25/2020||Senate||Added as Co-Sponsor Sen. Cristina Castro|| 2/25/2020||Senate||Added as Co-Sponsor Sen. Bill Cunningham|| 3/4/2020||Senate||Second Reading|| 3/4/2020||Senate||Placed on Calendar Order of 3rd Reading March 5, 2020|| 3/25/2020||Senate||Rule 2-10 Third Reading/Passage Deadline Established As May 7, 2020|| 4/12/2020||Senate||Pursuant to Senate Rule 3-9(b) / Referred to Assignments|| 4/23/2020||Senate||Rule 2-10 Third Reading/Passage Deadline Established As May 15, 2020|| 4/30/2020||Senate||Rule 2-10 Third Reading/Passage Deadline Established As May 22, 2020|| 5/7/2020||Senate||Rule 2-10 Third Reading/Passage Deadline Established As May 29, 2020|| 5/15/2020||Senate||Rule 2-10 Third Reading/Passage Deadline Established As May 31, 2020|| 1/13/2021||Senate||Session Sine Die|