SB 2088

  • Illinois Senate Bill
  • 96th Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Spending Limitation Act

Abstract

Creates the Taxpayer Bill of Rights Spending Limitation Act. Establishes fiscal year spending limits based on inflation and population changes. Creates an Emergency Reserve Cash Fund, requires transfers to the Fund based on revenues limits, and requires expenditures only for emergencies and from appropriations adopted by a two-thirds vote of the House and Senate. Allows transfer of excess amounts in the Fund. Amends the State Finance Act to create the Fund. Effective immediately.

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Jan 12, 2011

Senate

Session Sine Die

Apr 03, 2009

Senate

Rule 3-9(a) / Re-referred to Assignments

Mar 13, 2009

Senate

Rule 2-10 Committee Deadline Established As April 3, 2009

Mar 12, 2009

Senate

To Executive Subcommittee on Ethics

Mar 04, 2009

Senate

Assigned to Executive

Feb 20, 2009

Senate

Filed with Secretary by Sen. Chris Lauzen

Senate

Referred to Assignments

Senate

First Reading

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