Illinois Senate Bill 2554 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Moderate Partisan Bill (Democrat 5-1)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
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 2022 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. Heather Steans [D]	Sen. Omar Aquino [D]	Sen. Andy Manar [D]	Sen. Dan McConchie [R]
Sen. Cristina Castro [D]	Sen. William Cunningham [D]

Date	Chamber	Action
2021-01-13	Senate	Session Sine Die
2020-05-15	Senate	Rule 2-10 Third Reading/Passage Deadline Established As May 31, 2020
2020-05-07	Senate	Rule 2-10 Third Reading/Passage Deadline Established As May 29, 2020
2020-04-30	Senate	Rule 2-10 Third Reading/Passage Deadline Established As May 22, 2020
2020-04-23	Senate	Rule 2-10 Third Reading/Passage Deadline Established As May 15, 2020
2020-04-12	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Assignments
2020-03-25	Senate	Rule 2-10 Third Reading/Passage Deadline Established As May 7, 2020
2020-03-04	Senate	Placed on Calendar Order of 3rd Reading March 5, 2020
2020-03-04	Senate	Second Reading
2020-02-25	Senate	Added as Co-Sponsor Sen. Bill Cunningham
2020-02-25	Senate	Added as Co-Sponsor Sen. Cristina Castro
2020-02-19	Senate	Placed on Calendar Order of 2nd Reading February 20, 2020
2020-02-19	Senate	Do Pass State Government; 007-000-000
2020-02-06	Senate	Added as Chief Co-Sponsor Sen. Dan McConchie
2020-02-05	Senate	Added as Chief Co-Sponsor Sen. Andy Manar
2020-02-05	Senate	Added as Chief Co-Sponsor Sen. Omar Aquino
2020-02-04	Senate	Assigned to State Government
2020-01-29	Senate	Referred to Assignments
2020-01-29	Senate	First Reading
2020-01-29	Senate	Filed with Secretary by Sen. Heather A. Steans

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=2554&GAID=15&DocTypeID=SB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/SB/10100SB2554.htm