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| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB3416 Introduced 2/24/2011, by Rep. Jim Watson SYNOPSIS AS INTRODUCED:
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Amends the State Finance Act. Provides that the total amount appropriated, transferred, or expended for any State program in any State fiscal year may not exceed the total amount appropriated, transferred, or expended for that program in the previous State fiscal year, adjusted by the percentage increase (if any) in the Consumer Price Index for all Urban Consumers, as issued by the United States Department of Labor, for the previous 12-month period. Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | HB3416 | | LRB097 09414 HLH 49549 b |
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| 1 | | AN ACT concerning finance.
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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 Finance Act is amended by adding |
| 5 | | Section 50 as follows:
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| 6 | | (30 ILCS 105/50 new) |
| 7 | | Sec. 50. Limits on appropriations, transfers, and |
| 8 | | expenditures. Notwithstanding any other provision of law, |
| 9 | | beginning in fiscal year 2012, the total amount appropriated, |
| 10 | | transferred, or expended for any State program in any State |
| 11 | | fiscal year may not exceed the total amount appropriated, |
| 12 | | transferred, or expended for that program in the previous State |
| 13 | | fiscal year, adjusted by the percentage increase (if any) in |
| 14 | | the Consumer Price Index for all Urban Consumers, as issued by |
| 15 | | the United States Department of Labor, for the previous |
| 16 | | 12-month period.
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| 17 | | Section 99. Effective date. This Act takes effect upon |
| 18 | | becoming law.
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