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IL SB0002

Bill

Status

Introduced

1/15/2015

Primary Sponsor

Dan Kotowski

Click for details

Origin

Senate

99th General Assembly

AI Summary

  • Prohibits transfers from the General Revenue Fund to 26 specific special funds during Fiscal Year 2016 without new statutory authority granted after the bill's effective date, including funds for agriculture, Alzheimer's research, homeless assistance, child abuse prevention, and various other programs.

  • Establishes the purpose of evaluating General Revenue Fund spending impacts on state cash flow throughout the fiscal year by restricting transfers to funds supported by set statutory formulas.

  • Effective July 1, 2019, limits outstanding liabilities payable beyond the standard 4-month lapse period to only those claims where a proper bill or invoice has been received by September 30th following the end of the fiscal year in which services were rendered.

  • Amends Section 25 of the State Finance Act regarding fiscal year limitations on appropriations and outstanding liabilities.

  • Takes effect immediately upon enactment.

Legislative Description

FINANCE ACT TRANSFER AUTHORITY

Last Action

Pursuant to Senate Rule 3-9(b) / Referred to Assignments

10/10/2015

Committee Referrals

Assignments10/10/2015
Appropriations II1/28/2015
Assignments1/15/2015

Full Bill Text

No bill text available