MADIGAN,MJ-SCHOENBERG-RYDER-MULLIGAN-TURNER,ART, CURRIE, GASH, GARRETT, MCKEON, WOOLARD, HARTKE, BRUNSVOLD, JONES,LOU, DAVIS,STEVE, REITZ, HOFFMAN, GILES, NOVAK, MAUTINO, SLONE, SCULLY, LYONS,EILEEN, BOLAND, BROSNAHAN, MCGUIRE, FRITCHEY, RIGHTER, CURRY,JULIE, HAMOS AND ERWIN. (WALSH,T-DELEO-JONES,E-O'MALLEY) New Act 30 ILCS 105/5.490 new 30 ILCS 105/5.495 new Creates the Rainy Day Budget Stabilization and Children First Act and amends the State Finance Act. Requires the Comptroller to transfer from the General Revenue Fund during fiscal year 2000 $50,000,000 into a Budget Stabilization Fund and $50,000,000 into a Children First Reserve Fund. In each subsequent fiscal year when anticipated general revenues are estimated by the Governor to exceed the prior fiscal year's revenues by more than 4%, requires the Comptroller to transfer .25% of the anticipated revenues from the General Revenue Fund divided equally into the Budget Stabilization Fund and the Children First Reserve Fund. Permits suspension of transfers. Authorizes use of the Budget Stabilization Fund to meet general funds revenue shortfalls. Limits the use of the Children First Reserve Fund to meet shortfalls in funding educational and child care programs. Creates the necessary special funds within the State treasury. Effective immediately. FISCAL NOTE (Bureau of the Budget) The setting aside of funds into the Revenue Stabilization Fund and the Children First Reserve Fund does not require the ex- penditure of funds by the State nor does it change the revenues of the State. PENSION NOTE (Pension Laws Commission) HB417 would not affect the accrued liabilities or annual cost of any public pension fund or retirement system in Illinois. STATE DEBT NOTE (Economic and Fiscal Commission) HB417 has no direct impact on the level of State indebtedness. 99-02-01 H FILED WITH CLERK 99-02-01 H ADDED AS A JOINT SPONSOR TURNER,ART 99-02-01 H ADDED AS A CO-SPONSOR HANNIG 99-02-02 H FIRST READING 99-02-02 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-02-03 H ADDED AS A CO-SPONSOR GASH 99-02-03 H ASSIGNED TO COMMITTEE APP-GEN SERVS 99-02-09 H ADDED AS A CO-SPONSOR SCHOENBERG 99-02-09 H ADDED AS A CO-SPONSOR GARRETT 99-02-09 H ADDED AS A CO-SPONSOR MCKEON 99-02-10 H ADDED AS A CO-SPONSOR WOOLARD 99-02-10 H ADDED AS A CO-SPONSOR HARTKE 99-02-10 H ADDED AS A CO-SPONSOR BRUNSVOLD 99-02-11 H ADDED AS A CO-SPONSOR JONES,LOU 99-02-11 H ADDED AS A CO-SPONSOR GIGLIO 99-02-11 H ADDED AS A CO-SPONSOR DAVIS,STEVE 99-02-11 H ADDED AS A CO-SPONSOR REITZ 99-02-11 H ADDED AS A CO-SPONSOR HOFFMAN 99-02-17 H ADDED AS A CO-SPONSOR GILES 99-02-17 H ADDED AS A CO-SPONSOR NOVAK 99-02-17 H ADDED AS A CO-SPONSOR MAUTINO 99-02-17 H ADDED AS A CO-SPONSOR FEIGENHOLTZ 99-02-18 H ADDED AS A CO-SPONSOR SLONE 99-02-24 H JOINT-SPONSOR CHANGED TO CURRIE 99-02-24 H ADDED AS A CO-SPONSOR SCULLY 99-02-26 H DO PASS/STANDARD DEBATE 007-006-000 HAPG 99-02-26 H PLACED CAL 2ND READING-STANDARD DEBATE 99-02-26 H FISCAL NOTE REQUESTED BIGGINS 99-02-26 H PENSION NOTE REQUESTED BIGGINS 99-02-26 H STATE DEBT IMPACT NOTE REQUESTED BIGGINS 99-02-26 H CALENDAR ORDER 2ND READING-STANDARD DBT 99-03-01 H ADDED AS A CO-SPONSOR LYONS,EILEEN 99-03-01 H ADDED AS A CO-SPONSOR BOLAND 99-03-02 H JOINT-SPONSOR CHANGED TO SCHOENBERG 99-03-02 H JOINT-SPONSOR CHANGED TO MULLIGAN 99-03-02 H ADDED AS A CO-SPONSOR HANNIG 99-03-03 H ADDED AS A CO-SPONSOR BROSNAHAN 99-03-04 H FISCAL NOTE FILED 99-03-04 H PENSION NOTE FILED 99-03-04 H CALENDAR ORDER 2ND READING-STANDARD DBT 99-03-05 H STATE DEBT IMPACT NOTE FILED 99-03-05 H CALENDAR ORDER 2ND READING-STANDARD DBT 99-03-09 H SECOND READING-STANDARD DEBATE 99-03-09 H PLCD CAL ORDER 3RD READING-STNDRD DEBATE 99-03-10 H ADDED AS A CO-SPONSOR MCGUIRE 99-03-11 H JOINT-SPONSOR CHANGED TO RYDER 99-03-11 H ADDED AS A CO-SPONSOR CURRIE 99-03-11 H ADDED AS A CO-SPONSOR MCCARTHY 99-03-12 H THIRD READING/STANDARD DEBATE/PASS 101-014-000 99-03-15 H ADDED AS A CO-SPONSOR FRITCHEY 99-03-15 H ADDED AS A CO-SPONSOR RIGHTER 99-03-15 H ADDED AS A CO-SPONSOR CURRY,JULIE 99-03-15 H ADDED AS A CO-SPONSOR HAMOS 99-03-16 S ARRIVE IN SENATE 99-03-16 S PLACED CALENDAR ORDER OF FIRST READING 99-03-17 99-03-19 H ADDED AS A CO-SPONSOR ERWIN 99-03-23 S CHIEF SPONSOR DELEO 99-03-23 S FIRST READING 99-03-23 S REFERRED TO SENATE RULES COMMITTEE RULES 99-03-23 S SPONSOR REMOVED DELEO 99-03-23 S ALTERNATE CHIEF SPONSOR CHANGED TO WALSH,T 99-03-23 S CHIEF CO-SPONSOR CHANGED TO DELEO 99-03-23 S ADDED AS A CHIEF CO-SPONSOR JONES,E 99-04-15 S ADDED AS A CHIEF CO-SPONSOR O'MALLEY 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary