97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB3416

 

Introduced 2/24/2011, by Rep. Jim Watson

 

SYNOPSIS AS INTRODUCED:
 
30 ILCS 105/50 new

    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.


LRB097 09414 HLH 49549 b

FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB3416LRB097 09414 HLH 49549 b

1    AN ACT concerning finance.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The State Finance Act is amended by adding
5Section 50 as follows:
 
6    (30 ILCS 105/50 new)
7    Sec. 50. Limits on appropriations, transfers, and
8expenditures. Notwithstanding any other provision of law,
9beginning in fiscal year 2012, the total amount appropriated,
10transferred, or expended for any State program in any State
11fiscal year may not exceed the total amount appropriated,
12transferred, or expended for that program in the previous State
13fiscal year, adjusted by the percentage increase (if any) in
14the Consumer Price Index for all Urban Consumers, as issued by
15the United States Department of Labor, for the previous
1612-month period.
 
17    Section 99. Effective date. This Act takes effect upon
18becoming law.