Public Act 098-0682
 
SB0274 EnrolledLRB098 04500 JWD 34528 b

    AN ACT concerning finance.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 1. Short title. This Act may be cited as the
Illinois Revenue Volatility Study Act.
 
    Section 5. Illinois Revenue Volatility Study.
    (a) The Commission on Government Forecasting and
Accountability shall conduct a study of the volatility of the
sources of general revenue funds collected by the State of
Illinois.
    (b) The study shall include, but is not limited to:
        (1) an examination of Illinois' tax base and tax
    revenue volatility;
        (2) the identification of economic variables that may
    influence the volatility of tax revenue;
        (3) an analysis of the adequacy of the balances in the
    Budget Stabilization Fund in relation to the volatility of
    tax revenues; and
        (4) an examination of options for a deposit mechanism
    linked to one or more tax sources on the basis of each tax
    source's observed volatility, including:
            (A) an analysis of how the options would have
        performed historically within Illinois; and
            (B) an analysis of how the options would likely
        perform based on the most recent revenue forecast.
    (c) On or before December 31, 2014, the Commission shall
report its findings to the General Assembly and the Governor.
 
    Section 10. Repealer. This Act is repealed on December 1,
2015.
 
    Section 50. The State Budget Law of the Civil
Administrative Code of Illinois is amended by adding Section
50-22 as follows:
 
    (15 ILCS 20/50-22 new)
    Sec. 50-22. Funding for salaries of General Assembly
members and judges; legislative operations.
    (a) Beginning July 1, 2014, the aggregate appropriations
available for salaries for members of the General Assembly and
judges from all State funds for each State fiscal year shall be
no less than the total aggregate appropriations made available
for salaries for members of the General Assembly and judges for
the immediately preceding fiscal year.
    (b) Beginning July 1, 2014, the aggregate appropriations
available for legislative operations from all State funds for
each State fiscal year shall be no less than the total
aggregate appropriations made available for legislative
operations for the immediately preceding fiscal year. For
purposes of this subsection (b), "legislative operations"
means any expenditure for the operation of the Office of the
Auditor General, the House of Representatives, the Senate, the
Legislative Ethics Commission, the Office of the Legislative
Inspector General, the Joint Committee on Legislative Support
Services, and the legislative support services agencies.
    (c) If for any reason the aggregate appropriations made
available are insufficient to meet the levels required by
subsections (a) and (b) of this Section, this Section shall
constitute a continuing appropriation of all amounts necessary
for these purposes. The General Assembly may appropriate lesser
amounts by law.
 
    Section 55. The General Assembly Compensation Act is
amended by changing Section 1 as follows:
 
    (25 ILCS 115/1)  (from Ch. 63, par. 14)
    Sec. 1. Each member of the General Assembly shall receive
an annual salary of $28,000 or as set by the Compensation
Review Board, whichever is greater. The following named
officers, committee chairmen and committee minority spokesmen
shall receive additional amounts per year for their services as
such officers, committee chairmen and committee minority
spokesmen respectively, as set by the Compensation Review Board
or, as follows, whichever is greater: Beginning the second
Wednesday in January 1989, the Speaker and the minority leader
of the House of Representatives and the President and the
minority leader of the Senate, $16,000 each; the majority
leader in the House of Representatives $13,500; 6 assistant
majority leaders and 5 assistant minority leaders in the
Senate, $12,000 each; 6 assistant majority leaders and 6
assistant minority leaders in the House of Representatives,
$10,500 each; 2 Deputy Majority leaders in the House of
Representatives $11,500 each; and 2 Deputy Minority leaders in
the House of Representatives, $11,500 each; the majority caucus
chairman and minority caucus chairman in the Senate, $12,000
each; and beginning the second Wednesday in January, 1989, the
majority conference chairman and the minority conference
chairman in the House of Representatives, $10,500 each;
beginning the second Wednesday in January, 1989, the chairman
and minority spokesman of each standing committee of the
Senate, except the Rules Committee, the Committee on
Committees, and the Committee on Assignment of Bills, $6,000
each; and beginning the second Wednesday in January, 1989, the
chairman and minority spokesman of each standing and select
committee of the House of Representatives, $6,000 each. A
member who serves in more than one position as an officer,
committee chairman, or committee minority spokesman shall
receive only one additional amount based on the position paying
the highest additional amount. The compensation provided for in
this Section to be paid per year to members of the General
Assembly, including the additional sums payable per year to
officers of the General Assembly shall be paid in 12 equal
monthly installments. The first such installment is payable on
January 31, 1977. All subsequent equal monthly installments are
payable on the last working day of the month. A member who has
held office any part of a month is entitled to compensation for
an entire month.
    Mileage shall be paid at the rate of 20 cents per mile
before January 9, 1985, and at the mileage allowance rate in
effect under regulations promulgated pursuant to 5 U.S.C.
5707(b)(2) beginning January 9, 1985, for the number of actual
highway miles necessarily and conveniently traveled by the most
feasible route to be present upon convening of the sessions of
the General Assembly by such member in each and every trip
during each session in going to and returning from the seat of
government, to be computed by the Comptroller. A member
traveling by public transportation for such purposes, however,
shall be paid his actual cost of that transportation instead of
on the mileage rate if his cost of public transportation
exceeds the amount to which he would be entitled on a mileage
basis. No member may be paid, whether on a mileage basis or for
actual costs of public transportation, for more than one such
trip for each week the General Assembly is actually in session.
Each member shall also receive an allowance of $36 per day for
lodging and meals while in attendance at sessions of the
General Assembly before January 9, 1985; beginning January 9,
1985, such food and lodging allowance shall be equal to the
amount per day permitted to be deducted for such expenses under
the Internal Revenue Code; however, beginning May 31, 1995, no
allowance for food and lodging while in attendance at sessions
is authorized for periods of time after the last day in May of
each calendar year, except (i) if the General Assembly is
convened in special session by either the Governor or the
presiding officers of both houses, as provided by subsection
(b) of Section 5 of Article IV of the Illinois Constitution or
(ii) if the General Assembly is convened to consider bills
vetoed, item vetoed, reduced, or returned with specific
recommendations for change by the Governor as provided in
Section 9 of Article IV of the Illinois Constitution. For
fiscal year 2011 and for session days in fiscal years 2012,
2013, and 2014, and 2015 only (i) the allowance for lodging and
meals is $111 per day and (ii) mileage for automobile travel
shall be reimbursed at a rate of $0.39 per mile.
    Notwithstanding any other provision of law to the contrary,
beginning in fiscal year 2012, travel reimbursement for General
Assembly members on non-session days shall be calculated using
the guidelines set forth by the Legislative Travel Control
Board, except that fiscal year 2012, 2013, and 2014, and 2015
mileage reimbursement is set at a rate of $0.39 per mile.
    If a member dies having received only a portion of the
amount payable as compensation, the unpaid balance shall be
paid to the surviving spouse of such member, or, if there be
none, to the estate of such member.
(Source: P.A. 97-71, eff. 6-30-11; 97-718, eff. 6-29-12; 98-30,
eff. 6-24-13.)
 
    Section 60. The Compensation Review Act is amended by
adding Section 6.2 as follows:
 
    (25 ILCS 120/6.2 new)
    Sec. 6.2. FY15 COLAs prohibited. Notwithstanding any
former or current provision of this Act, any other law, any
report of the Compensation Review Board, or any resolution of
the General Assembly to the contrary, members of the General
Assembly, State's attorneys, other than the county supplement,
elected executive branch constitutional officers of State
government, and persons in certain appointed offices of State
government, including the membership of State departments,
agencies, boards, and commissions, whose annual compensation
previously was recommended or determined by the Compensation
Review Board, are prohibited from receiving and shall not
receive any increase in compensation that would otherwise apply
based on a cost of living adjustment, as authorized by Senate
Joint Resolution 192 of the 86th General Assembly, for or
during the fiscal year beginning July 1, 2014.
 
    Section 65. The State Finance Act is amended by adding
Section 5k as follows:
 
    (30 ILCS 105/5k new)
    Sec. 5k. Cash flow borrowing and general funds liquidity;
FY15.
    (a) In order to meet cash flow deficits and to maintain
liquidity in the General Revenue Fund and the Health Insurance
Reserve Fund, on and after July 1, 2014 and through June 30,
2015, the State Treasurer and the State Comptroller shall make
transfers to the General Revenue Fund and the Health Insurance
Reserve Fund, as directed by the Governor, out of special funds
of the State, to the extent allowed by federal law. No such
transfer may reduce the cumulative balance of all of the
special funds of the State to an amount less than the total
debt service payable during the 12 months immediately following
the date of the transfer on any bonded indebtedness of the
State and any certificates issued under the Short Term
Borrowing Act. At no time shall the outstanding total transfers
made from the special funds of the State to the General Revenue
Fund and the Health Insurance Reserve Fund under this Section
exceed $650,000,000; once the amount of $650,000,000 has been
transferred from the special funds of the State to the General
Revenue Fund and the Health Insurance Reserve Fund, additional
transfers may be made from the special funds of the State to
the General Revenue Fund and the Health Insurance Reserve Fund
under this Section only to the extent that moneys have first
been re-transferred from the General Revenue Fund and the
Health Insurance Reserve Fund to those special funds of the
State. Notwithstanding any other provision of this Section, no
such transfer may be made from any special fund that is
exclusively collected by or appropriated to any other
constitutional officer without the written approval of that
constitutional officer.
    (b) If moneys have been transferred to the General Revenue
Fund and the Health Insurance Reserve Fund pursuant to
subsection (a) of this Section, this amendatory Act of the 98th
General Assembly shall constitute the continuing authority for
and direction to the State Treasurer and State Comptroller to
reimburse the funds of origin from the General Revenue Fund by
transferring to the funds of origin, at such times and in such
amounts as directed by the Governor when necessary to support
appropriated expenditures from the funds, an amount equal to
that transferred from them plus any interest that would have
accrued thereon had the transfer not occurred, except that any
moneys transferred pursuant to subsection (a) of this Section
shall be repaid to the fund of origin within 18 months after
the date on which they were borrowed. When any of the funds
from which moneys have been transferred pursuant to subsection
(a) have insufficient cash from which the State Comptroller may
make expenditures properly supported by appropriations from
the fund, then the State Treasurer and State Comptroller shall
transfer from the General Revenue Fund to the fund only such
amount as is immediately necessary to satisfy outstanding
expenditure obligations on a timely basis.
    (c) On the first day of each quarterly period in each
fiscal year, until such time as a report indicates that all
moneys borrowed and interest pursuant to this Section have been
repaid, the Governor's Office of Management and Budget shall
provide to the President and the Minority Leader of the Senate,
the Speaker and the Minority Leader of the House of
Representatives, and the Commission on Government Forecasting
and Accountability a report on all transfers made pursuant to
this Section in the prior quarterly period. The report must be
provided in electronic format. The report must include all of
the following:
        (1) The date each transfer was made.
        (2) The amount of each transfer.
        (3) In the case of a transfer from the General Revenue
    Fund to a fund of origin pursuant to subsection (b) of this
    Section, the amount of interest being paid to the fund of
    origin.
        (4) The end of day balance of the fund of origin, the
    General Revenue Fund and the Health Insurance Reserve Fund
    on the date the transfer was made.
 
    Section 99. Effective date. This Act takes effect upon
becoming law.