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IL HB2394

Bill

Official Source

Status

Introduced

2/13/2019

Primary Sponsor

Charles Meier

Click for details

Origin

House of Representatives

101st General Assembly

AI Summary

  • Amends the State Budget Law of the Civil Administrative Code of Illinois by adding Section 50-6
  • Requires the State of Illinois to allocate any new and additional revenue sources that exceed fiscal year 2019 revenue forecasts (as reported by the Commission on Government Forecasting and Accountability in 2018) toward payment of current and continuing pension obligations
  • Defines "new and additional revenue sources" to include any new tax, fee, or surcharge enacted by the General Assembly on or after the effective date of this amendatory act
  • Takes effect immediately upon becoming law

Legislative Description

PENSION OBLIGATION REPAYMENT

Last Action

Rule 19(a) / Re-referred to Rules Committee

3/29/2019

Committee Referrals

Rules3/29/2019
Sales, Amusement & Other Taxes3/6/2019
Revenue & Finance2/26/2019
Rules2/13/2019

Full Bill Text

No bill text available