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| Public Act 103-0229 | ||||
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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: | ||||
(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 | ||
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 | ||
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.) | ||
Section 99. Effective date. This Act takes effect upon | ||
becoming law.
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