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| Public Act 103-0229
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| SB1790 Enrolled | LRB103 28422 JDS 54802 b |
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AN ACT concerning State government.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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(25 ILCS 130/4-4 rep.)
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(25 ILCS 130/4-5 rep.)
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(25 ILCS 130/4-6 rep.)
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Section 5. The Legislative Commission Reorganization Act |
of 1984 is amended by repealing Sections 4-4, 4-5, and 4-6.
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Section 10. The Commission on Government Forecasting and |
Accountability Act is amended by changing Sections 3 and 4 as |
follows:
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(25 ILCS 155/3) (from Ch. 63, par. 343) |
Sec. 3. The Commission shall:
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(1) Study from time to time and report to the General |
Assembly on
economic development and trends in the State.
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(2) Make such special economic and fiscal studies as |
it deems
appropriate or desirable or as the General |
Assembly may request.
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(3) Based on its studies, recommend such State fiscal |
and economic
policies as it deems appropriate or desirable |
to improve the functioning
of State government and the |
economy of the various regions within the
State.
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(4) Prepare annually a State economic report.
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(5) Provide information for all appropriate |
legislative
organizations and personnel on economic trends |
in relation to long range
planning and budgeting.
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(6) Study and make such recommendations as it deems |
appropriate to
the General Assembly on local and regional |
economic and fiscal policy
and on federal fiscal policy as |
it may affect Illinois.
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(7) Review capital expenditures, appropriations and |
authorizations
for both the State's general obligation and |
revenue bonding authorities.
At the direction of the |
Commission, specific reviews may include
economic |
feasibility reviews of existing or proposed revenue bond
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projects to determine the accuracy of the original |
estimate of useful
life of the projects, maintenance |
requirements and ability to meet debt
service requirements |
through their operating expenses.
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(8) Receive and review all executive agency and |
revenue bonding
authority annual and 3 year plans. The |
Commission shall prepare a
consolidated review of these |
plans, an updated assessment of current
State agency |
capital plans, a report on the outstanding and unissued
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bond authorizations, an evaluation of the State's ability |
to market
further bond issues and shall submit them as the |
"Legislative Capital
Plan Analysis" to the House and |
Senate Appropriations Committees at
least once a year. The |
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Commission shall annually submit to the General
Assembly |
on the first Wednesday of April a report on the State's |
long-term
capital needs, with particular emphasis upon and |
detail of the 5-year
period in the immediate future.
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(9) Study and make recommendations it deems |
appropriate to the
General Assembly on State bond |
financing, bondability guidelines, and
debt management. At |
the direction of the Commission, specific studies
and |
reviews may take into consideration short and long-run |
implications
of State bonding and debt management policy.
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(10) Comply with the provisions of the "State Debt
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Impact Note Act" as now or hereafter amended.
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(11) Comply with the provisions of the Pension Impact |
Note Act, as now
or hereafter amended.
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(12) Prepare By August 1st of each year, the |
Commission must prepare and cause to
be published by |
August 1 of each year a summary report of State |
appropriations for the State fiscal year
beginning the |
previous July 1st, except that, if no State appropriations |
have been enacted by July 1 for the State fiscal year, then |
the summary report shall be prepared and published within |
60 days after the enactment of appropriations for that |
State fiscal year. The summary report must discuss major
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categories of appropriations, the issues the General |
Assembly faced in
allocating appropriations, comparisons |
with appropriations for previous
State fiscal years, and |
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other matters helpful in providing the citizens of
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Illinois with an overall understanding of appropriations |
for that fiscal year.
The summary report must be written |
in plain language and designed for
readability, and it |
must be provided in a report to the General Assembly and |
published on the General Assembly's website. Publication |
must be in newspapers of general circulation in the
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various areas of the State to ensure distribution |
statewide. The summary
report must also be published on |
the General Assembly's web site.
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(13) Comply with the provisions of the State |
Facilities Closure Act.
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(14) For fiscal year 2012 and thereafter, develop a |
3-year budget forecast for the State, including |
opportunities and threats concerning anticipated revenues |
and expenditures, with an appropriate level of detail. |
(15) Perform the powers, duties, rights, and |
responsibilities of the Legislative Research Unit as |
transferred to the Commission under Section 7. |
The requirement for reporting to the General Assembly |
shall be satisfied
by filing copies of the report as required |
by Section 3.1 of the General Assembly
Organization Act, and
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filing such additional copies with the State Government Report |
Distribution
Center for the General Assembly as is required |
under paragraph (t) of
Section 7 of the State Library Act.
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(Source: P.A. 100-1148, eff. 12-10-18.)
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(25 ILCS 155/4) (from Ch. 63, par. 344) |
Sec. 4. (a) The Commission shall publish, during at the |
convening of each regular
session of the General Assembly, a |
report on the estimated income of the
State from all |
applicable revenue sources for the next ensuing fiscal
year |
and of any other funds estimated to be available for such |
fiscal
year. The Commission, in its discretion, may consult |
with the Governor's Office of Management and Budget in |
preparing the report. By On the third Wednesday in March after |
the session convenes, the
Commission shall issue the report |
required by this Section containing the a revised and updated |
set of revenue figures
reflecting the latest available |
information. The House and Senate by
joint resolution shall |
adopt or modify such estimates as may be
appropriate. The |
joint resolution shall constitute the General
Assembly's |
estimate, under paragraph (b) of Section 2 of Article VIII of
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the Constitution, of the funds estimated to be available |
during the next
fiscal year.
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(b) On the third Wednesday in March or within 14 days after |
the Governor's budget address, whichever is later, the |
Commission shall issue estimated:
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(1) pension funding requirements under P.A. 86-273; |
and
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(2) liabilities of the State employee group health |
insurance program.
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These estimated costs shall be for the fiscal year |
beginning the following
July 1.
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(c) The requirement for reporting to the General Assembly |
shall be satisfied
by filing copies of the report as required |
by Section 3.1 of the General Assembly
Organization Act, and |
filing
such
additional copies with the State Government Report |
Distribution Center for the
General Assembly as is required |
under paragraph (t) of Section 7 of the State
Library Act.
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(Source: P.A. 100-1148, eff. 12-10-18.)
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Section 99. Effective date. This Act takes effect upon |
becoming law.
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