This Act may be cited as the Balanced Budget Note Act
This Act may be cited as the Balanced Budget Note Act. (Source: P.A. 87-688.)
Illinois · statute · 25 ILCS 80 · 6 active provisions
This Act may be cited as the Balanced Budget Note Act. (Source: P.A. 87-688.)
Supplemental appropriation bill defined. For purposes of this Act, "supplemental appropriation bill" means any appropriation bill that is (a) introduced or amended (including any changes to legislation by means of the submission of a conference committee report) on or after July 1 of a fiscal year and (b) proposes (as…
Responsibility for the Preparation and Filing of Balanced Budget Notes. A Balanced Budget Note shall be prepared and filed in writing for every supplemental appropriation bill. A Balanced Budget Note shall also be prepared and filed on any amendment to a supplemental appropriation bill or any amendment to a bill that w…
Filing and Distribution of Balanced Budget Notes. Balanced Budget Notes shall be filed with the Clerk of the House for supplemental appropriation bills that are under consideration by the House of Representatives and with the Secretary of the Senate for supplemental appropriations bills that are under consideration by…
Note Contents. Balanced Budget Notes shall be factual in nature, concise and shall include a brief explanation of the nature of the measure and a reliable estimate of the measure's anticipated effect (in dollars) on the State budget for that fiscal year. The Note shall include both the immediate effect and, if determin…
Severability. The provisions of this Act are severable under Section 1.31 of the Statute on Statutes. (Source: P.A. 87-688.)