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| [ House Amendment 001 ] |
90_SB0076sam001
LRB9001486WHmgam
1 AMENDMENT TO SENATE BILL 76
2 AMENDMENT NO. . Amend Senate Bill 76 by replacing
3 the title with the following:
4 "AN ACT to amend the Civil Administrative Code of
5 Illinois by changing Section 38."; and
6 by replacing everything after the enacting clause with the
7 following:
8 "Section 5. The Civil Administrative Code of Illinois is
9 amended by changing Section 38 as follows:
10 (15 ILCS 20/38) (from Ch. 127, par. 38)
11 Sec. 38. The Governor shall, as soon as possible and not
12 later than April 7, 1992, and the first Wednesday in March of
13 each year through 1997, and on the third Wednesday in
14 February of each year beginning in 1998, submit a State
15 budget, embracing therein the amounts recommended by him to
16 be appropriated to the respective departments, offices, and
17 institutions, and for all other public purposes, the
18 estimated revenues from taxation, the estimated revenues from
19 sources other than taxation, and an estimate of the amount
20 required to be raised by taxation. The amounts recommended
21 by the Governor for appropriation to the respective
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1 departments, offices and institutions shall be formulated
2 according to the various functions and activities for which
3 the respective department, office or institution of the State
4 government (including the elective officers in the executive
5 department and including the University of Illinois and the
6 judicial department) is responsible. The amounts relating to
7 particular functions and activities shall be further
8 formulated in accordance with the object classification
9 specified in Section 13 of the State Finance Act.
10 For the purpose of this Section, a balanced budget shall
11 mean a budget for which the proposed expenditures do not
12 exceed funds estimated to be available for the fiscal year as
13 required by Article VIII, Section 2 of the Constitution of
14 the State of Illinois. A balanced budget must include
15 estimated resources available for the budgeted year that are
16 at least equal to the proposed use of such resources for the
17 budgeted year, determined as provided in this Section.
18 The Governor's State budget proposal shall be prepared on
19 the basis of revenue and expenditure measurement concepts
20 that are in concert with generally accepted accounting
21 principles for governments.
22 The revenue estimates used in the budget proposal shall
23 include the revenues estimated to be received during the
24 budgeted year, plus the estimated receipts due the State as
25 of June 30 of the budgeted year that are expected to be
26 collected during the lapse period following the budgeted
27 year, minus the receipts collected during the first 2 months
28 of the budgeted year that became due to the State in the year
29 before the budgeted year. For any budgeted fund for which
30 revenues are anticipated to exceed expenditures (determined
31 in accordance with this Section and including the most recent
32 audited fund balance prepared in accordance with generally
33 accepted accounting principles) in the current fiscal year,
34 the surplus shall be considered as a resource available for
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1 expenditure in the budgeted year.
2 Expenditure estimates included in the Governor's budget
3 submission recommended to be subject to appropriations shall
4 include the costs to be incurred by the State for the
5 budgeted year regardless of the fiscal year in which the
6 liability is discharged. For any budgeted fund for which
7 expenditures are expected to exceed revenues (determined in
8 accordance with this Section and including the most recent
9 audited fund balance prepared in accordance with generally
10 accepted accounting principles) in the current fiscal year,
11 the deficit shall be considered as a use of funds in the
12 budgeted year.
13 Revenues and expenditures shall also include transfers
14 between funds that are based on revenues received or costs
15 incurred during the budget year. Such transfers shall also
16 include those that, by statutory or administrative
17 scheduling, are not transferred until the subsequent year.
18 By April 15 of each year, the Auditor General shall (i)
19 determine whether the expenditure and revenue estimates and
20 fund transfers that have been included in the budget
21 submitted by the Governor under this Section reasonably
22 satisfy the requirements of this Section and (ii) report this
23 determination to the General Assembly and the Governor,
24 together with any recommendations that the Auditor General
25 may have for improving those estimates or transfers in future
26 budget submissions.
27 (Source: P.A. 89-699, eff. 1-16-97.)
28 Section 99. Effective date. This Act takes effect upon
29 becoming law.".