HB0111eng 97TH GENERAL ASSEMBLY

HB0111 Engrossed LRB097 05590 PJG 45652 b

AN ACT concerning finance.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The State Finance Act is amended by adding Section 11.2 as follows:

(30 ILCS 105/11.2 new)

Sec. 11.2. PAYGO budgeting. If a Public Act requires additional spending from State funds, then no appropriation for the additional spending required by the Public Act may be obligated or expended unless the Commission on Government Forecasting and Accountability certifies to the State Comptroller that the same or another Public Act specifically identifies adequate decreases in expenditures or enhancements in revenues to completely offset the additional spending required by the Public Act.

Section 99. Effective date. This Act takes effect upon becoming law.