94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
SB1812


 
Introduced 2/25/2005, by Sen. Dave Sullivan
 
SYNOPSIS AS INTRODUCED:
 		













30 ILCS 105/4.5 new










    Amends the State Finance Act.  Provides that each fiscal year, the General Assembly shall appropriate for educational programs an amount that is equal to or exceeds the sum of (i) the total amount appropriated from general funds for educational programs during the fiscal year immediately preceding the fiscal year for which the appropriation is being made and (ii) 51% of total new general funds available for spending from estimated growth in revenues and funds available because of budgeted program growth and decline in the fiscal year for which the appropriation is being made. Effective immediately.
















LRB094 11211 NHT 41920 b

















FISCAL NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











SB1812

LRB094 11211 NHT 41920 b






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    AN ACT concerning education.

 
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    Be it enacted by the People of the State of Illinois,
 
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represented in the General Assembly:


 
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    Section 5. The State Finance Act is amended  by adding 
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Section 4.5 as follows:
 
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    (30 ILCS 105/4.5  new)
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    Sec. 4.5. Educational appropriations. Beginning with 
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fiscal year 2006 and in each fiscal year thereafter, the 
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General Assembly shall appropriate for educational programs an 
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amount that is equal to or exceeds the sum of (i) the total 
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amount appropriated from general funds for educational 
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programs during the fiscal year immediately preceding the 
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fiscal year for which the appropriation is being made and (ii) 
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51% of total new general funds available for spending from 
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estimated growth in revenues and funds available because of 
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budgeted program growth and decline in the fiscal year for 
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which the appropriation is being made.

 
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    Section 99. Effective date. This Act takes effect upon 
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becoming law.