    (15 ILCS 20/50-5)
    Sec. 50-5. Governor to submit State budget.

(a) The Governor shall, as soon as
possible and not later than the second

Wednesday in March in 2010 (March 10, 2010), the third
Wednesday in February in 2011, the fourth Wednesday in February in 2012 (February 22, 2012), the first Wednesday in March in 2013 (March 6, 2013), the fourth Wednesday in March in 2014 (March 26, 2014), the first Wednesday in February in 2022 (February 2, 2022), and the third Wednesday in February of each year thereafter,  except as otherwise provided in this Section, submit a
State budget, embracing therein the amounts recommended by the Governor to be
appropriated to the respective departments, offices, and institutions, and
for all other public purposes, the estimated revenues from taxation, and the
estimated revenues from sources other than taxation. Except with respect to the capital development provisions of the State budget, beginning with the revenue estimates prepared for fiscal year 2012, revenue estimates shall be based solely on: (i)  revenue sources (including non-income resources), rates, and levels that exist  as of the date of the submission of the State budget for the fiscal year and  (ii) revenue sources (including non-income resources), rates, and levels that have been passed by the General Assembly as of  the date of the submission of the State budget for the fiscal year and that are authorized to take effect in that fiscal year.  Except with respect to the capital development provisions of the State budget, the Governor shall determine available revenue, deduct the cost of essential government services, including, but not limited to, pension payments and debt service, and assign a percentage of the remaining revenue to each statewide prioritized goal, as established in Section 50-25 of this Law, taking into consideration the proposed goals set forth in the report of the Commission established under that Section.  The Governor shall also demonstrate how spending priorities for the fiscal year fulfill those statewide goals. The amounts recommended by the
Governor for appropriation to the respective departments, offices and
institutions shall be formulated according to each department's, office's, and institution's ability to effectively deliver services that meet the established statewide goals. The amounts relating to particular functions
and activities shall be further formulated in accordance with the object
classification specified in Section 13 of the State Finance Act. In addition, the amounts recommended by the Governor for appropriation shall take into account each State agency's effectiveness in achieving its prioritized goals for the previous fiscal year, as set forth in Section 50-25 of this Law, giving priority to agencies and programs that have demonstrated a focus on the prevention of waste and the maximum yield from resources.

Beginning in fiscal year 2011, the Governor shall distribute written quarterly financial reports on operating funds, which may include general, State, or federal funds and may include funds related to agencies that have significant impacts on State operations, and budget statements on all appropriated funds to the General Assembly and the State Comptroller.  The reports shall be submitted no later than 45 days after the last day of each quarter of the fiscal year and shall be posted on the Governor's Office of Management and Budget's website on the same day.  The reports shall be prepared and presented for each State agency and on a statewide level in an executive summary format that may include, for the fiscal year to date, individual itemizations for each significant revenue type as well as itemizations of expenditures and obligations, by agency, with an appropriate level of detail.  The reports shall include a calculation of the actual total budget surplus or deficit for the fiscal year to date.  The Governor shall also present periodic budget addresses throughout the fiscal year at the invitation of the General Assembly.

The Governor shall not propose expenditures and the General Assembly shall
not enact appropriations that exceed the resources estimated to be available,
as provided in this Section. Appropriations may be adjusted during the fiscal year by means of one or more supplemental appropriation bills if any State agency either fails to meet or exceeds the goals set forth in Section 50-25 of this Law.

For the purposes of Article VIII, Section 2 of the 1970
Illinois Constitution, the State budget for the following funds shall be
prepared on the basis of revenue and expenditure measurement concepts that are
in concert with generally accepted accounting principles for governments:

        (1) General Revenue Fund.
        (2) Common School Fund.
        (3) Educational Assistance Fund.
        (4) Road Fund.
        (5) Motor Fuel Tax Fund.
        (6) Agricultural Premium Fund.

These funds shall be known as the "budgeted funds".  The revenue
estimates used in the State budget for the budgeted funds shall include the
estimated beginning fund balance, plus
revenues estimated to be received during the budgeted year, plus the estimated
receipts due the State as of June 30 of the budgeted year that are expected to
be collected during the lapse period following the budgeted year, minus the
receipts collected during the first 2 months of the budgeted year that became
due to the State in the year before the budgeted year.  Revenues shall also
include estimated federal reimbursements associated with the recognition of
Section 25 of the State Finance Act liabilities.  For any budgeted fund
for which current year revenues are anticipated to exceed expenditures, the
surplus shall be considered to be a resource available for expenditure in the
budgeted fiscal year.

Expenditure estimates for the budgeted funds included in the State budget
shall include the costs to be incurred by the State for the budgeted year,
to be paid in the next fiscal year, excluding costs paid in the budgeted year
which were carried over from the prior year, where the payment is authorized by
Section
25 of the State Finance Act.  For any budgeted fund
for which expenditures are expected to exceed revenues in the current fiscal
year, the deficit shall be considered as a use of funds in the budgeted fiscal
year.

Revenues and expenditures shall also include transfers between funds that are
based on revenues received or costs incurred during the budget year.

Appropriations for expenditures shall also include all anticipated statutory continuing appropriation obligations that are expected to be incurred during the budgeted fiscal year.

By
 March 15 of each year, the
Commission on Government Forecasting and Accountability shall prepare
revenue and fund transfer estimates in accordance with the requirements of this
Section and report those estimates to the General Assembly and the Governor.

For all funds other than the budgeted funds, the proposed expenditures shall
not exceed funds estimated to be available for the fiscal year as shown in the
budget.  Appropriation for a fiscal year shall not exceed funds estimated by
the General Assembly to be available during that year.

(b) By February 24, 2010, the Governor must file a written report with the Secretary of the Senate and the Clerk of the House of Representatives containing the following:

(1) for fiscal year 2010, the revenues for all budgeted funds, both actual to date and