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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 Budget Law of the Civil Administrative | ||||||||||||||||||||||||||||
5 | Code of Illinois is amended by changing Section 50-5 and adding | ||||||||||||||||||||||||||||
6 | Section 50-25 as follows:
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7 | (15 ILCS 20/50-5) (was 15 ILCS 20/38)
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8 | Sec. 50-5. Governor to submit State budget. The Governor | ||||||||||||||||||||||||||||
9 | shall, as soon as
possible and not later than the first
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10 | Wednesday in March in 2007 (March 7, 2007) and the third
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11 | Wednesday in February of each year beginning in 2008, except as | ||||||||||||||||||||||||||||
12 | otherwise provided in this Section, submit a
State budget, | ||||||||||||||||||||||||||||
13 | embracing therein the amounts recommended by the Governor to be
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14 | appropriated to the respective departments, offices, and | ||||||||||||||||||||||||||||
15 | institutions, and
for all other public purposes, the estimated | ||||||||||||||||||||||||||||
16 | revenues from taxation, the
estimated revenues from sources | ||||||||||||||||||||||||||||
17 | other than taxation, and an estimate of the
amount required to | ||||||||||||||||||||||||||||
18 | be raised by taxation. In 2004 only, the Governor shall submit | ||||||||||||||||||||||||||||
19 | the capital development section of the State budget not later | ||||||||||||||||||||||||||||
20 | than the fourth Tuesday of March (March 23, 2004). The amounts | ||||||||||||||||||||||||||||
21 | recommended by the
Governor for appropriation to the respective | ||||||||||||||||||||||||||||
22 | departments, offices and
institutions shall be formulated | ||||||||||||||||||||||||||||
23 | according to the various functions and
activities for which the |
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1 | respective department, office or institution of
the State | ||||||
2 | government (including the elective officers in the executive
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3 | department and including the University of Illinois and the | ||||||
4 | judicial
department) is responsible. The amounts relating to | ||||||
5 | particular functions
and activities shall be further | ||||||
6 | formulated in accordance with the object
classification | ||||||
7 | specified in Section 13 of the State Finance Act.
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8 | The Governor shall not propose expenditures and the General | ||||||
9 | Assembly shall
not enact appropriations that exceed the | ||||||
10 | resources estimated to be available,
as provided in this | ||||||
11 | Section , by the Commission on Government Forecasting and | ||||||
12 | Accountability under subsection (a) of Section 4 of the | ||||||
13 | Commission on Government Forecasting and Accountability Act .
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14 | For the purposes of Article VIII, Section 2 of the 1970
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15 | Illinois Constitution, the State budget for the following funds | ||||||
16 | shall be
prepared on the basis of revenue and expenditure | ||||||
17 | measurement concepts that are
in concert with generally | ||||||
18 | accepted accounting principles for governments:
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19 | (1) General Revenue Fund.
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20 | (2) Common School Fund.
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21 | (3) Educational Assistance Fund.
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22 | (4) Road Fund.
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23 | (5) Motor Fuel Tax Fund.
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24 | (6) Agricultural Premium Fund.
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25 | These funds shall be known as the "budgeted funds". The | ||||||
26 | revenue
estimates used in the State budget for the budgeted |
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1 | funds shall include the
estimated beginning fund balance, plus
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2 | revenues estimated to be received during the budgeted year, | ||||||
3 | plus the estimated
receipts due the State as of June 30 of the | ||||||
4 | budgeted year that are expected to
be collected during the | ||||||
5 | lapse period following the budgeted year, minus the
receipts | ||||||
6 | collected during the first 2 months of the budgeted year that | ||||||
7 | became
due to the State in the year before the budgeted year. | ||||||
8 | Revenues shall also
include estimated federal reimbursements | ||||||
9 | associated with the recognition of
Section 25 of the State | ||||||
10 | Finance Act liabilities. For any budgeted fund
for which | ||||||
11 | current year revenues are anticipated to exceed expenditures, | ||||||
12 | the
surplus shall be considered to be a resource available for | ||||||
13 | expenditure in the
budgeted fiscal year.
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14 | Expenditure estimates for the budgeted funds included in | ||||||
15 | the State budget
shall include the costs to be incurred by the | ||||||
16 | State for the budgeted year,
to be paid in the next fiscal | ||||||
17 | year, excluding costs paid in the budgeted year
which were | ||||||
18 | carried over from the prior year, where the payment is | ||||||
19 | authorized by
Section
25 of the State Finance Act. For any | ||||||
20 | budgeted fund
for which expenditures are expected to exceed | ||||||
21 | revenues in the current fiscal
year, the deficit shall be | ||||||
22 | considered as a use of funds in the budgeted fiscal
year.
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23 | Revenues and expenditures shall also include transfers | ||||||
24 | between funds that are
based on revenues received or costs | ||||||
25 | incurred during the budget year.
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26 | By
March 15 of each year, the
Commission on Government |
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1 | Forecasting and Accountability shall prepare
revenue and fund | ||||||
2 | transfer estimates in accordance with the requirements of this
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3 | Section and report those estimates to the General Assembly and | ||||||
4 | the Governor.
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5 | For all funds other than the budgeted funds, the proposed | ||||||
6 | expenditures shall
not exceed , and the appropriations for those | ||||||
7 | expenditures shall not exceed, the revenues estimated by the | ||||||
8 | Commission on Government Forecasting and Accountability to be | ||||||
9 | available for those funds for that fiscal year. funds estimated | ||||||
10 | to be available for the fiscal year as shown in the
budget. | ||||||
11 | Appropriation for a fiscal year shall not exceed funds | ||||||
12 | estimated by
the General Assembly to be available during that | ||||||
13 | year.
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14 | (Source: P.A. 93-1, eff. 2-6-03; 93-662, eff. 2-11-04; 93-1067, | ||||||
15 | eff. 1-15-05; 94-1108, eff. 2-16-07.)
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16 | (15 ILCS 20/50-25 new)
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17 | Sec. 50-25. Current fiscal year appropriations. Funds may | ||||||
18 | not be appropriated during a fiscal year for expenditure or | ||||||
19 | obligation during that same fiscal year in excess of the | ||||||
20 | estimate of unobligated revenues contained in the most recent | ||||||
21 | revenue estimate report for that fiscal year by the Commission | ||||||
22 | on Government Forecasting and Accountability under subsection | ||||||
23 | (a) or (a-5) of Section 4 of the Commission on Government | ||||||
24 | Forecasting and Accountability Act. |
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1 | Section 10. The Commission on Government Forecasting and | ||||||
2 | Accountability Act is amended by changing Section 4 as follows: | ||||||
3 | (25 ILCS 155/4) (from Ch. 63, par. 344)
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4 | Sec. 4. Revenue estimates. | ||||||
5 | (a) By each February 1, the Commission shall report to the | ||||||
6 | General assembly and the Governor estimates of revenues | ||||||
7 | available to the State for appropriation and fund transfer for | ||||||
8 | the next fiscal year, as provided in Section 50-5 of the State | ||||||
9 | Budget Law. By each May 1, the Commission shall revise and | ||||||
10 | report to the General Assembly and the Governor estimates of | ||||||
11 | revenues available for appropriation and fund transfer for the | ||||||
12 | next fiscal year, reflecting the most current information. | ||||||
13 | The Commission report required by May 1 The Commission | ||||||
14 | shall publish, at the convening of each regular
session of the | ||||||
15 | General Assembly, a report on the estimated income of the
State | ||||||
16 | from all applicable revenue sources for the next ensuing fiscal
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17 | year and of any other funds estimated to be available for such | ||||||
18 | fiscal
year. On the third Wednesday in March after the session | ||||||
19 | convenes, the
Commission shall issue a revised and updated set | ||||||
20 | of revenue figures
reflecting the latest available | ||||||
21 | information. The House and Senate by
joint resolution shall | ||||||
22 | adopt or modify such estimates as may be
appropriate. The joint | ||||||
23 | resolution shall constitute the General
Assembly's estimate, | ||||||
24 | under paragraph (b) of Section 2 of Article VIII of
the | ||||||
25 | Constitution, of the funds estimated to be available during the |
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1 | next
fiscal year.
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2 | (a-5) By October 1, February 1, and May 1 of each fiscal | ||||||
3 | year, the Commission shall report to the General Assembly and | ||||||
4 | the Governor estimates of unobligated revenues available for | ||||||
5 | appropriation for that fiscal year. | ||||||
6 | (b) On the third Wednesday in March, the Commission shall | ||||||
7 | issue estimated:
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8 | (1) pension funding requirements under P.A. 86-273; | ||||||
9 | and
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10 | (2) liabilities of the State employee group health | ||||||
11 | insurance program.
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12 | These estimated costs shall be for the fiscal year | ||||||
13 | beginning the following
July 1.
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14 | (c) The requirement for reporting to the General Assembly | ||||||
15 | shall be satisfied
by filing copies of the report with the | ||||||
16 | Speaker, the Minority Leader and
the Clerk of the House of | ||||||
17 | Representatives and the President, the Minority
Leader and the | ||||||
18 | Secretary of the Senate and the Legislative
Research
unit, as | ||||||
19 | required by Section 3.1 of the General Assembly
Organization | ||||||
20 | Act, and filing
such
additional copies with the State | ||||||
21 | Government Report Distribution Center for the
General Assembly | ||||||
22 | as is required under paragraph (t) of Section 7 of the State
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23 | Library Act.
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24 | (Source: P.A. 93-632, eff. 2-1-04.)
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25 | Section 99. Effective date. This Act takes effect upon | ||||||
26 | becoming law.
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