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IL HB5819

Bill

Official Source

Status

Failed

1/8/2013

Primary Sponsor

Kay Hatcher

Click for details

Origin

House of Representatives

97th General Assembly

AI Summary

  • Amends the State Finance Act by adding Section 11.2 to establish PAYGO (pay-as-you-go) budgeting requirements for Illinois
  • Prohibits appropriation or expenditure of funds for any new spending mandated by a Public Act unless the Commission on Government Forecasting and Accountability certifies that offsetting measures exist
  • Requires offsetting measures to consist of either adequate decreases in expenditures or enhancements in revenues from the same or another Public Act that completely offset the new spending
  • Takes effect immediately upon becoming law

Legislative Description

FINANCE-PAYGO BUDGETING

Last Action

Session Sine Die

1/8/2013

Committee Referrals

Rules2/16/2012

Full Bill Text

No bill text available