HB5124 97TH GENERAL ASSEMBLY

LRB097 16923 HLH 62111 b

97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB5124

Introduced 2/8/2012, by Rep. Jim Watson

SYNOPSIS AS INTRODUCED:

30 ILCS 105/50 new

Amends the State Finance Act. Provides that the total amount appropriated, transferred, or expended for any State program in any State fiscal year may not exceed the total amount appropriated, transferred, or expended for that program in the previous State fiscal year, adjusted by the percentage increase (if any) in the Consumer Price Index for all Urban Consumers, as issued by the United States Department of Labor, for the previous 12-month period. Effective immediately.

FISCAL NOTE ACT MAY APPLY

A BILL FOR

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 50 as follows:

(30 ILCS 105/50 new)

Sec. 50. Limits on appropriations, transfers, and expenditures. Notwithstanding any other provision of law, beginning in fiscal year 2013, the total amount appropriated, transferred, or expended for any State program in any State fiscal year may not exceed the total amount appropriated, transferred, or expended for that program in the previous State fiscal year, adjusted by the percentage increase (if any) in the Consumer Price Index for all Urban Consumers, as issued by the United States Department of Labor, for the previous 12-month period.

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