SCHOENBERG-LANG-GARRETT-FLOWERS-SCULLY, MAY, KENNER, FEIGENHOLTZ, RYAN, COLLINS, BRADLEY, BUGIELSKI AND CAPPARELLI. New Act 30 ILCS 105/25 from Ch. 127, par. 161 Creates the Illinois Balanced Budget Act. Creates a Balanced Budget Commission to provide a Balanced Budget Revenue Estimate for each fiscal year. The Estimate shall serve as a limit on appropriations from State general funds. If appropriations exceed the limit, the Comptroller shall prepare a proposed Balanced Budget Reserve Act for that fiscal year. Sets forth the contents of the proposed Act, including certain measures to reduce State agency expenditures. Amends the State Finance Act. Reduces the lapse period from 2 months to one month starting in FY2007. Effective immediately. FISCAL NOTE (Economic and Fiscal Commission) HB 128 would not affect the fiscal operations of the Commission and would not impact general funds receipts. HB 128 would, how- ever, create the Balanced Budget Reserve Act if general funds appropriations for a fiscal exceed the balanced budget limit. The balanced budget limit would be set by the balanced budget revenue estimate provided in the bill. The necessary funds would be held in reserve by each State agency and department, as needed. FISCAL NOTE (Bureau of the Budget) Since the members of the Commission serve without compensation and the Commission is authorized to utilize existing staff re- sources in conducting its activities, the fiscal impact of this legislation is minimal. BALANCED BUDGET NOTE (Bureau of the Budget) Since HB 128 is not a supplemental appropriation bill, the Balanced Budget Note Act is inapplicable. JAN-04-2001 H PREFILED WITH CLERK JAN-10-2001 H FIRST READING JAN-10-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES JAN-11-2001 H ADDED AS A JOINT SPONSOR LANG JAN-26-2001 H ADDED AS A JOINT SPONSOR GARRETT JAN-31-2001 H ASSIGNED TO COMMITTEE STE GOV ADMIN JAN-31-2001 H ADDED AS A JOINT SPONSOR FLOWERS JAN-31-2001 H ADDED AS A JOINT SPONSOR SCULLY JAN-31-2001 H ADDED AS A CO-SPONSOR MAY FEB-01-2001 H ADDED AS A CO-SPONSOR KENNER FEB-01-2001 H ADDED AS A CO-SPONSOR HOWARD FEB-07-2001 H FISCAL NOTE FILED FEB-07-2001 H COMMITTEE STE GOV ADMIN FEB-07-2001 H ADDED AS A CO-SPONSOR FEIGENHOLTZ FEB-08-2001 H ADDED AS A CO-SPONSOR RYAN FEB-09-2001 H FISCAL NOTE FILED FEB-09-2001 H COMMITTEE STE GOV ADMIN FEB-15-2001 H ADDED AS A CO-SPONSOR COLLINS FEB-16-2001 H DO PASS/SHORT DEBATE 005-004-000 HSGA FEB-16-2001 H PLACED CALENDAR 2ND READING-SHORT DEBATE FEB-16-2001 H BALANCED BUDGET NOTE REQUESTED BLACK FEB-16-2001 H CALENDAR ORDER 2ND READING-SHORT DEBATE FEB-21-2001 H SECOND READING-SHORT DEBATE FEB-21-2001 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE FEB-26-2001 H BALANCED BUDGET NOTE FILED FEB-26-2001 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE MAR-13-2001 H AMENDMENT NO. 01-SCHOENBERG MAR-13-2001 H AMENDMENT REFERRED TO HRUL MAR-13-2001 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE MAR-30-2001 H ADDED AS A CO-SPONSOR BRADLEY MAR-30-2001 H ADDED AS A CO-SPONSOR BUGIELSKI MAR-30-2001 H ADDED AS A CO-SPONSOR CAPPARELLI APR-06-2001 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary