Full Text of HB5983 098th General Assembly
HB5983 98TH GENERAL ASSEMBLY |
| | 98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014 HB5983 Introduced , by Rep. Tom Cross SYNOPSIS AS INTRODUCED: |
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25 ILCS 50/1 | from Ch. 63, par. 42.31 |
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Amends the Fiscal Note Act. Requires every bill, except those bills making a direct appropriation, to have prepared for it prior to second reading in the
house of introduction a brief explanatory statement or note which shall
include a reliable estimate of the anticipated change in State, local
governmental, school district, or community college district
expenditures or revenues under its provisions and to include a reliable estimate of the fiscal impact of its provisions upon
community agencies.
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| | A BILL FOR |
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| 1 | | AN ACT concerning State government.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 5. The Fiscal Note Act is amended by changing | 5 | | Section 1 as follows:
| 6 | | (25 ILCS 50/1) (from Ch. 63, par. 42.31)
| 7 | | Sec. 1. Every bill, except those bills making a direct | 8 | | appropriation,
(1) the purpose or effect of which is (i) to | 9 | | expend any State funds or
to
increase or decrease the revenues | 10 | | of the
State, either directly or indirectly, or (ii) to require | 11 | | the expenditure
of their own funds by, or to increase or
| 12 | | decrease the revenues of, units
of local government, school | 13 | | districts or community college districts, or
to revise the | 14 | | distribution of State funds among units of local government,
| 15 | | school districts, or community college districts, either | 16 | | directly or
indirectly, or (2) that amends the Mental Health | 17 | | and Developmental
Disabilities Code or the Developmental | 18 | | Disability and Mental Disability
Services Act shall have | 19 | | prepared for it prior to second reading in the
house of | 20 | | introduction a brief explanatory statement or note which , for a | 21 | | bill
under item (1), shall
include a reliable estimate of the | 22 | | anticipated change in State, local
governmental, school | 23 | | district, or community college district
expenditures or |
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| 1 | | revenues under its provisions and , for a bill under item (2),
| 2 | | shall include a reliable estimate of the fiscal impact of its | 3 | | provisions upon
community agencies.
For purposes of this Act,
| 4 | | indirect revenues
include, but are not limited to, increased | 5 | | tax revenues or other increased
revenues resulting from | 6 | | economic development, job creation, or cost
reduction. The | 7 | | statement or note shall also include an explanation of the
| 8 | | methodology used to determine the estimated direct and indirect | 9 | | costs or
estimated impact on community agencies. Any
notes for | 10 | | bills having
a fiscal impact on units of local government, | 11 | | school districts or community
college districts shall include | 12 | | such cost estimates as may be required under
the State Mandates | 13 | | Act.
| 14 | | If a bill authorizes capital expenditures or appropriates | 15 | | funds for
capital expenditures, a statement shall be prepared | 16 | | by the
Governor's Office of Management and Budget specifying by | 17 | | year any principal and interest payments required
to finance | 18 | | such capital expenditures.
| 19 | | If a bill authorizes the issuance of bonds, a statement or | 20 | | note shall be prepared by the Governor's Office of Management | 21 | | and Budget specifying the estimated total principal and | 22 | | interest payments (assuming interest is paid at a fixed rate) | 23 | | if all of the bonds authorized were issued. The statement or | 24 | | note shall include the total principal on all other | 25 | | then-outstanding Bonds of the State.
| 26 | | These statements or notes shall be known as "fiscal notes".
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| 1 | | (Source: P.A. 92-567, eff. 1-1-03; 93-839, eff. 7-30-04.)
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