IL HB5851

Adds the Pension Stabilization Fund to the definition of "State general funds" in the State Budget Law and Balanced Budget Note Act.

Allows transfers from the Budget Stabilization Fund to the General Revenue Fund beginning in Fiscal Year 2024 to address outstanding vouchers if accounts payable exceed $4,000,000,000 on June 30, with such transfers not subject to repayment.

Increases the Budget Stabilization Fund cap from 5% to 7.5% of general funds revenues beginning in Fiscal Year 2024 and modifies transfer requirements based on revenue growth and accounts payable thresholds.

Requires the Department on Aging, Department of Healthcare and Family Services, Department of Human Services, Department of Central Management Services, and Department of Revenue to submit supplemental reporting information in January reports to the Comptroller regarding invoices and pending liabilities.

Authorizes monthly transfers up to $16,666,666 to the Health Insurance Reserve Fund, Healthcare Provider Relief Fund, or Income Tax Refund Fund when agencies report insufficient appropriations to pay submitted invoices, effective immediately.