Bill Status of SB 2443   103rd General Assembly


Short Description:  BUDGET STABILIZATION FUND

Senate Sponsors
Sen. Michael W. Halpin-Robert F. Martwick and Laura Ellman

Last Action  View All Actions

DateChamber Action
  2/14/2023SenateReferred to Assignments

Statutes Amended In Order of Appearance
15 ILCS 20/50-40
25 ILCS 80/5from Ch. 63, par. 42.93-5
30 ILCS 105/6z-51
30 ILCS 105/9.08
30 ILCS 122/10
30 ILCS 122/15
30 ILCS 122/20

Synopsis As Introduced
Amends the Balanced Budget Note Act. Specifies that the Pension Stabilization Fund is a general fund for purposes of identifying supplemental appropriation bills. Amends the State Finance Act. Provides that the monthly reports on State liabilities submitted to the Comptroller by the Department on Aging, the Department of Healthcare and Family Services, the Department of Human Services, the Department of Central Management Services, and the Department of Revenue shall also include certain supplemental information. Amends the Budget Stabilization Act. Modifies provisions placing limits on amounts that may be appropriated, transferred, or diverted by the General Assembly from general funds. Modifies provisions concerning requirements for and transfers into the Budget Stabilization Fund and the Pension Stabilization Fund based on the State's accounts payable. Makes changes to the definition of "estimated general funds revenues". Effective immediately.

Actions 
DateChamber Action
  2/14/2023SenateFiled with Secretary by Sen. Michael W. Halpin
  2/14/2023SenateFirst Reading
  2/14/2023SenateReferred to Assignments
  3/8/2023SenateAdded as Chief Co-Sponsor Sen. Robert F. Martwick
  3/9/2023SenateAdded as Co-Sponsor Sen. Laura Ellman

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