Mike Halpin
- Democratic
- Senator
- District 36
Primary
Amends the State Budget Law of the Civil Administrative Code of Illinois. Provides that "general funds" or "State general funds" as used under the Act includes the Pension Stabilization Fund. Amends the State Finance Act. Provides that for fiscal year 2024 and subsequent fiscal years, any transfers into the Budget Stabilization Fund may be transferred to the General Revenue Fund in order for the Comptroller to address outstanding vouchers, and shall not be subject to repayment into the Budget Stabilization Fund if the bill backlog as determined by the Comptroller on June 30 of that fiscal year exceeds $4,000,000,000. Amends the Budget Stabilization Act. Modifies provisions concerning requirements for and transfers into the Budget Stabilization Fund and the Pension Stabilization Fund regarding the State's backlog of bills. Effective immediately.
No votes to display
Session Sine Die
Added Co-Sponsor Rep. Sam Yingling
Rule 19(a) / Re-referred to Rules Committee
To Income Tax Subcommittee
Added Chief Co-Sponsor Rep. Suzanne Ness
Added Chief Co-Sponsor Rep. Jehan Gordon-Booth
Added Chief Co-Sponsor Rep. Elizabeth Hernandez
Assigned to Revenue & Finance Committee
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Michael Halpin
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML PDF |
| Document | Format |
|---|---|
| No related documents. |
Data on Open States is updated periodically throughout the day from the official website of the Illinois General Assembly.
If you notice any inconsistencies with these official sources, feel free to file an issue.