92nd General Assembly
Summary of HB0129
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House Sponsors:

Short description: 
OPEN BUDGETS ACT                                                           

Synopsis of Bill as introduced:
        Creates  the  Illinois  Open  Budgets  Act.   Provides  that  the      
   Governor shall present a State budget to the General Assembly  on  the      
   first  Wednesday  in  March  of  each  year.  Specifies elements to be      
   included in the  budget.   Provides  that  each  State  agency,  State      
   college  and university, and public and quasi-public corporation shall      
   submit, by January 1, a budget  request  for  the  next  fiscal  year.      
   Provides  that  the  Bureau  of the Budget and the Economic and Fiscal      
   Commission shall produce, by January 15, a revenue  estimate  for  the      
   next fiscal year.  Provides that the Governor shall submit recommended      
   appropriations  with  the  budget.  Creates a Budget Advisory Panel to      
   oversee development of accountability reports (and repeals language in      
   the Civil Administrative Code pertaining to a Budget Advisory  Panel).      
   Creates  an  Open  Budget  Conference  to  approve  certain  forms and      
   procedures.  Repeals language  in  the  State  Finance  Act  regarding      
   preparation   and   introduction  of  appropriation  bills.  Effective      
          FISCAL NOTE (Economic and Fiscal Commission)                         
          HB 129 would not affect the fiscal operations of the Illinois        
          Economic and Fiscal Commission. HB 129 would not impact              
          General Funds receipts. HB 129 would create the Illinois Open        
          Budgets Act. The Illinois Open Budgets Act sets forth the re-        
          quirements for the State budget and those parties included in        
          the budget process.                                                  
          FISCAL NOTE (Bureau of the Budget)                                   
          House Bill 129 does not require the expenditure of funds by          
          the State, nor does it change the revenues of the State.             
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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