Illinois Senate Bill 4230 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on November 14 2022 - 25% progression, died in committee
Action: 2022-11-14 - Added as Chief Co-Sponsor Sen. Suzy Glowiak Hilton
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

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.

FINANCE-BUDGET STABILIZATION

Sen. Doris Turner [D]

Sen. Suzanne Glowiak Hilton [D]

Date	Chamber	Action
2022-11-14	Senate	Added as Chief Co-Sponsor Sen. Suzy Glowiak Hilton
2022-11-14	Senate	Referred to Assignments
2022-11-14	Senate	First Reading
2022-11-14	Senate	Filed with Secretary by Sen. Doris Turner

Chapter	Article	Section	Citation Type	Statute Text
15	20	50-40	Amended Code	Citation Text
30	105	6z-51	Amended Code	Citation Text
30	122	15	Amended Code	Citation Text
30	122	20	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4230&GAID=16&DocTypeID=SB&SessionID=110&GA=102
Text	https://www.ilga.gov/legislation/102/SB/10200SB4230.htm