2023 Illinois Compiled Statutes › Chapter 25 - LEGISLATURE › 25 ILCS 80/ - Balanced Budget Note Act.

(25 ILCS 80/1) (from Ch. 63, par. 42.93-1)
Sec. 1. 
		This Act may be cited as the Balanced Budget Note Act.
(Source: P.A. 87-688.)
(25 ILCS 80/5) (from Ch. 63, par. 42.93-5)
Sec. 5. 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 introduced or as amended as the
case may be) to authorize, increase, decrease, or reallocate any general
funds appropriation for that same fiscal year.  The general funds consist
of the General Revenue Fund, the Common School Fund, the General Revenue
Common School  Special Account Fund, the Education Assistance Fund, the Fund for the Advancement of Education, the Commitment to Human Services Fund, and the Budget Stabilization Fund.
(Source: P.A. 100-587, eff. 6-4-18.)
(25 ILCS 80/10) (from Ch. 63, par. 42.93-10)
Sec. 10. 
		
		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 would cause it to become
a supplemental appropriation bill. The sponsor of a supplemental
appropriation bill shall be responsible for the preparation and filing of
the Balanced Budget Note upon the introduction of the bill.  For any
amendment to a supplemental appropriation bill or an amendment to another
bill that would cause it to become a supplemental appropriation bill, the
sponsor of the amendment shall be responsible for the preparation and
filing of the Balanced Budget Note when the amendment is adopted.  For any
supplemental appropriation bill which is amended in an appropriations
committee and is reported out of the committee, the sponsor of the bill
shall be responsible for preparing and filing the Balanced Budget Note on
the amended version of the bill.  For any conference committee report on a
supplemental appropriation bill, the conference committee shall be
responsible for the preparation and filing of the Balanced Budget Note.
(Source: P.A. 87-688.)
(25 ILCS 80/15) (from Ch. 63, par. 42.93-15)
Sec. 15. 
		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 the Senate. The
respective office shall apply a time stamp to each Balanced Budget Note it
receives indicating the date and time that the Balanced Budget Note was
filed.  A copy of the Balanced Budget Note, clearly showing the date and
time that the Note was filed, shall be immediately provided by the Clerk of
the House or the Secretary of the Senate, as the case may be, to the
Presiding Officer and the Minority Leader of the respective chamber, the
Chair and Minority Spokesman of the appropriation committee to which the
supplemental appropriation bill is currently assigned or to which the
supplemental appropriation bill was originally assigned, the sponsor of the
supplemental appropriation bill in that chamber, and, if different than the
sponsor of the supplemental appropriation bill, the sponsor of the amendment.
(Source: P.A. 87-688.)
(25 ILCS 80/20) (from Ch. 63, par. 42.93-20)
Sec. 20. 
		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 determinable or reasonably foreseeable,
the long-range effect of the measure.  A brief summary or work sheet of
computations used in arriving at figures contained in the Balanced Budget
Note shall be included.  Each Balanced Budget Note shall include a
discussion of the proposed reduction in other appropriations or increases
in State revenue that would allow the measure to be adopted without
adversely affecting the State budget for that fiscal year.
If a supplemental appropriation bill appropriates money from a
bond-financed fund or for the purpose of allowing the recipient agency to
enter into an installment-purchase or lease-purchase agreement having a
total principal value in excess of $250,000 or having a term in excess of
five years, the Balanced Budget Note shall also include an estimated annual
schedule of any principal and interest payments related to such appropriations.
(Source: P.A. 87-688.)
(25 ILCS 80/25) (from Ch. 63, par. 42.93-25)
Sec. 25. 
		Severability. 
		The provisions of this Act are severable under
Section 1.31 of the Statute on Statutes.
(Source: P.A. 87-688.)