Bill Text: IL HB5983 | 2013-2014 | 98th General Assembly | Introduced
Bill Title: Amends the Fiscal Note Act. Requires every bill, except those bills making a direct appropriation, to have prepared for it prior to second reading in the house of introduction a brief explanatory statement or note which shall include a reliable estimate of the anticipated change in State, local governmental, school district, or community college district expenditures or revenues under its provisions and to include a reliable estimate of the fiscal impact of its provisions upon community agencies.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2014-12-03 - Session Sine Die [HB5983 Detail]
Download: Illinois-2013-HB5983-Introduced.html
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1 | AN ACT concerning State government.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Fiscal Note Act is amended by changing | |||||||||||||||||||
5 | Section 1 as follows:
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6 | (25 ILCS 50/1) (from Ch. 63, par. 42.31)
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7 | Sec. 1. Every bill, except those bills making a direct | |||||||||||||||||||
8 | appropriation,
(1) the purpose or effect of which is (i) to | |||||||||||||||||||
9 | expend any State funds or
to
increase or decrease the revenues | |||||||||||||||||||
10 | of the
State, either directly or indirectly, or (ii) to require | |||||||||||||||||||
11 | the expenditure
of their own funds by, or to increase or
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12 | decrease the revenues of, units
of local government, school | |||||||||||||||||||
13 | districts or community college districts, or
to revise the | |||||||||||||||||||
14 | distribution of State funds among units of local government,
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15 | school districts, or community college districts, either | |||||||||||||||||||
16 | directly or
indirectly, or (2) that amends the Mental Health | |||||||||||||||||||
17 | and Developmental
Disabilities Code or the Developmental | |||||||||||||||||||
18 | Disability and Mental Disability
Services Act shall have | |||||||||||||||||||
19 | prepared for it prior to second reading in the
house of | |||||||||||||||||||
20 | introduction a brief explanatory statement or note which , for a | |||||||||||||||||||
21 | bill
under item (1), shall
include a reliable estimate of the | |||||||||||||||||||
22 | anticipated change in State, local
governmental, school | |||||||||||||||||||
23 | district, or community college district
expenditures or |
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1 | revenues under its provisions and , for a bill under item (2),
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2 | shall include a reliable estimate of the fiscal impact of its | ||||||
3 | provisions upon
community agencies.
For purposes of this Act,
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4 | indirect revenues
include, but are not limited to, increased | ||||||
5 | tax revenues or other increased
revenues resulting from | ||||||
6 | economic development, job creation, or cost
reduction. The | ||||||
7 | statement or note shall also include an explanation of the
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8 | methodology used to determine the estimated direct and indirect | ||||||
9 | costs or
estimated impact on community agencies. Any
notes for | ||||||
10 | bills having
a fiscal impact on units of local government, | ||||||
11 | school districts or community
college districts shall include | ||||||
12 | such cost estimates as may be required under
the State Mandates | ||||||
13 | Act.
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14 | If a bill authorizes capital expenditures or appropriates | ||||||
15 | funds for
capital expenditures, a statement shall be prepared | ||||||
16 | by the
Governor's Office of Management and Budget specifying by | ||||||
17 | year any principal and interest payments required
to finance | ||||||
18 | such capital expenditures.
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19 | If a bill authorizes the issuance of bonds, a statement or | ||||||
20 | note shall be prepared by the Governor's Office of Management | ||||||
21 | and Budget specifying the estimated total principal and | ||||||
22 | interest payments (assuming interest is paid at a fixed rate) | ||||||
23 | if all of the bonds authorized were issued. The statement or | ||||||
24 | note shall include the total principal on all other | ||||||
25 | then-outstanding Bonds of the State.
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26 | These statements or notes shall be known as "fiscal notes".
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1 | (Source: P.A. 92-567, eff. 1-1-03; 93-839, eff. 7-30-04.)
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