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| | 102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB5519 Introduced 1/31/2022, by Rep. Tom Demmer SYNOPSIS AS INTRODUCED:
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Amends the State Treasurer Act. Provides that within 90 days after the enactment of the State budget for a given fiscal year, the Office of the State Treasurer shall prepare and submit to the Governor's Office of Management and Budget a report certifying whether the State budget is balanced based upon revenue projections exceeding expenditures and budgetary measures that fall out of line with Governmental Accounting Standards Board criteria.
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| | A BILL FOR |
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| | HB5519 | | LRB102 23910 RJF 33108 b |
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| 1 | | AN ACT concerning State government.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The State Treasurer Act is amended by adding |
| 5 | | Section 40 as follows:
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| 6 | | (15 ILCS 505/40 new) |
| 7 | | Sec. 40. Certified balanced budget. Within 90 days after |
| 8 | | the enactment of the State budget for a given fiscal year, the |
| 9 | | Office of the State Treasurer shall prepare and submit to the |
| 10 | | Governor's Office of Management and Budget a report certifying |
| 11 | | whether the State budget is balanced based upon revenue |
| 12 | | projections exceeding expenditures and budgetary measures that |
| 13 | | fall out of line with Governmental Accounting Standards Board |
| 14 | | criteria.
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