SB 1757

  • Illinois Senate Bill
  • 93rd Regular Session
  • Introduced in Senate Mar 26, 2003
  • Passed Senate Mar 25, 2003
  • Passed House May 16, 2003
  • Governor

Budget Stabilization-Debt Fund

Abstract

Creates the Budget Stabilization Act and amends the State Finance Act. Limits appropriations from the State's general funds in fiscal years when estimated general funds revenues exceed certain previous fiscal years' general funds revenues. Requires the State Comptroller to transfer from the General Revenue Fund into the Budget Stabilization Fund or Early Debt Retirement Fund an amount equal to the fiscal year's unappropriated general funds revenues. Establishes appropriation limits and a transfer schedule. Specifies the purpose of the Budget Stabilization Fund and requires that earnings on its investment remain in the Fund. Creates the Early Debt Retirement Fund as a special fund within the State treasury for payment of certain liabilities. Effective immediately.

Bill Sponsors (14)

Votes


Actions


Nov 06, 2003

Senate

Bill Dead - Amendatory Veto

Nov 05, 2003

House

Added Alternate Co-Sponsor Rep. John E. Bradley

Oct 23, 2003

Senate

Placed on Calendar Amendatory Veto November 4, 2003

Aug 12, 2003

Senate

Governor Amendatory Veto

Jun 13, 2003

Senate

Sent to the Governor

May 16, 2003

House

Added Alternate Co-Sponsor Rep. Sara Feigenholtz

House

Third Reading - Short Debate - Passed 111-006-000

House

Added Alternate Co-Sponsor Rep. Frank J. Mautino

Senate

Passed Both Houses

House

Added Alternate Co-Sponsor Rep. Brandon W. Phelps

House

Added Alternate Co-Sponsor Rep. Linda Chapa LaVia

House

Added Alternate Co-Sponsor Rep. John Philip Novak

May 15, 2003

House

Added Alternate Co-Sponsor Rep. Patrick Verschoore

House

Added Alternate Co-Sponsor Rep. Larry McKeon

May 14, 2003

House

Placed on Calendar 2nd Reading - Short Debate

House

Placed on Calendar Order of 3rd Reading - Short Debate

House

Second Reading - Short Debate

House

Do Pass / Short Debate State Government Administration Committee; 010-000-000

May 13, 2003

House

Added Alternate Co-Sponsor Rep. Eddie Washington

May 06, 2003

House

Added Alternate Co-Sponsor Rep. Jim Watson

May 02, 2003

House

Committee/3rd Reading Deadline Extended-Rule 9(b); May 31, 2003

Apr 29, 2003

House

Assigned to State Government Administration Committee

Apr 09, 2003

House

Added Alternate Co-Sponsor Rep. Marlow H. Colvin

Apr 04, 2003

House

Added Alternate Co-Sponsor Rep. Elaine Nekritz

House

Added Alternate Co-Sponsor Rep. Kevin A. McCarthy

Mar 28, 2003

House

Added Alternate Chief Co-Sponsor Rep. Bob Biggins

House

Added Alternate Chief Co-Sponsor Rep. Charles G. Morrow, III

House

Added Alternate Chief Co-Sponsor Rep. Gary Hannig

House

Added Alternate Chief Co-Sponsor Rep. Barbara Flynn Currie

Mar 26, 2003

House

Referred to Rules Committee

House

Arrived in House

House

Placed on Calendar Order of First Reading

House

Chief House Sponsor Rep. Michael J. Madigan

House

First Reading

Mar 25, 2003

Senate

Added as Co-Sponsor Sen. Edward D. Maloney

Senate

Third Reading - Passed; 033-013-009

Senate

Added as Co-Sponsor Sen. Barack Obama

Senate

Added as Co-Sponsor Sen. Jacqueline Y. Collins

Senate

Added as Chief Co-Sponsor Sen. Don Harmon

Senate

Added as Co-Sponsor Sen. John M. Sullivan

Senate

Added as Co-Sponsor Sen. Rickey R. Hendon

Senate

Added as Chief Co-Sponsor Sen. Carol Ronen

Senate

Added as Co-Sponsor Sen. James A. DeLeo

Senate

Added as Co-Sponsor Sen. Larry D. Woolard

Senate

Added as Co-Sponsor Sen. Ira I. Silverstein

Mar 21, 2003

Senate

Second Reading

Senate

Added as Chief Co-Sponsor Sen. Susan Garrett

Senate

Placed on Calendar Order of 3rd Reading March 24, 2003

Mar 19, 2003

Senate

Fiscal Note Filed

Mar 18, 2003

Senate

Fiscal Note Requested by Sen. Dale E. Risinger

Mar 14, 2003

Senate

Fiscal Note Filed

Mar 13, 2003

Senate

Do Pass State Government; 009-000-000

Senate

Added as Co-Sponsor Sen. Kirk W. Dillard

Senate

Placed on Calendar Order of 2nd Reading March 18, 2003

Feb 27, 2003

Senate

Assigned to State Government

Feb 20, 2003

Senate

Chief Co-Sponsor Sen. James F. Clayborne, Jr.

Senate

Referred to Rules

Senate

First Reading

Senate

Filed with Secretary by Sen. Jeffrey M. Schoenberg

Bill Text

Bill Text Versions Format
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Engrossed HTML
Enrolled HTML

Related Documents

Document Format
Governor's Message

Sources

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