Illinois Senate Bill 2 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 15 2015 - 25% progression, died in committee
Action: 2015-10-10 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the State Finance Act. Provides that no transfers may be made from the General Revenue Fund to certain special funds without additional express authority granted on or after the effective date of this amendatory Act. Provides that the purpose of the amendatory Act is to evaluate spending from the General Revenue Fund for Fiscal Year 2016, in order to determine the impact that transfers to certain Funds supported by set statutory formulas have on the cash flow of the State throughout the course of the State's fiscal year. Provides that beginning on July 1, 2019, all outstanding liabilities, not payable during the 4-month lapse period, are limited to only those claims that have been incurred but for which a proper bill or invoice as defined by the State Prompt Payment Act has been received by September 30th following the end of the fiscal year in which the service was rendered. Effective immediately.

FINANCE ACT TRANSFER AUTHORITY

Sen. Dan Kotowski [D]

Sen. Heather Steans [D]

Date	Chamber	Action
2015-10-10	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Assignments
2015-01-28	Senate	Assigned to Appropriations II
2015-01-15	Senate	Referred to Assignments
2015-01-15	Senate	First Reading
2015-01-15	Senate	Chief Co-Sponsor Sen. Heather A. Steans
2015-01-15	Senate	Prefiled with Secretary by Sen. Dan Kotowski

Chapter	Article	Section	Citation Type	Statute Text
30	105	25	Amended Code	Citation Text
30	105	5m	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2&GAID=13&DocTypeID=SB&SessionID=88&GA=99
Text	https://www.ilga.gov/legislation/99/SB/09900SB0002.htm