Illinois House Bill 3136 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Amended) [HTML]

Creates the Pension Funding and Fairness Act. Provides that, beginning with the fiscal year that starts after the Act takes effect, the maximum annual percentage change in State fiscal year spending in the categories specified may not exceed the inflation adjustment factor plus the population adjustment factor and any increases attributable to specified measures. Provides that, in order to adopt an increase in State spending beyond the limitation or in order to adopt an increase in State revenue, the measure must be approved by a three-fifths supermajority vote of all members of each house of the General Assembly and must be approved by a majority of voters. Provides for imposition of emergency tax. Establishes the Past Due Paydown Fund, to which the Comptroller shall transfer any amount necessary up to the total past due operating debt owed by the State as of the close of fiscal year 2011, and provides that the General Assembly may authorize transfers, appropriations, and allocations from the fund only to fund the costs of paying down the remaining past due debt until such debt is zero. Provides that any remaining funds shall be transferred to the Common School Fund and the Education Assistance Fund. Establishes the State Budget Stabilization Fund to fund the costs of State government up to the expenditure limit in years when State revenues are less than the amount necessary to finance the level of expenditures. Amends the State Finance Act to create the Past Due Paydown Fund and the State Budget Stabilization Fund as special funds in the State treasury. Effective immediately.

PENSION FUNDING FAIRNESS ACT

Rep. Bill Mitchell [R]

Date	Chamber	Action
2013-01-08	House	Session Sine Die
2011-03-17	House	Rule 19(a) / Re-referred to Rules Committee
2011-03-17	House	House Committee Amendment No. 1 Tabled Pursuant to Rule 40
2011-03-16	House	House Committee Amendment No. 1 Rules Refers to Executive Committee
2011-03-16	House	House Committee Amendment No. 1 Referred to Rules Committee
2011-03-16	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Daniel J. Burke; ; In line by 3PM. Timely filed in accordance with House Rule 18(e).
2011-02-28	House	Assigned to Executive Committee
2011-02-23	House	Referred to Rules Committee
2011-02-23	House	First Reading
2011-02-23	House	Filed with the Clerk by Rep. Bill Mitchell

Chapter	Article	Section	Citation Type	Statute Text
30	105	5.786	New Code	See Bill Text
30	105	5.788	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3136&GAID=11&DocTypeID=HB&SessionID=84&GA=97
Text	https://www.ilga.gov/legislation/97/HB/09700HB3136.htm
Text	https://www.ilga.gov/legislation/97/HB/09700HB3136ham001.htm