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SB 1757 Illinois Senate · 93rd Regular Session

BUDGET STABILIZATION-DEBT FUND

Summary
Creates the Budget Stabilization Act and amends the State Finance Act. Limits appropriations from the State's general funds in fiscal years when estimated general funds revenues exceed certain previous fiscal years' general funds revenues. Requires the State Comptroller to transfer from the General Revenue Fund into the Budget Stabilization Fund or Early Debt Retirement Fund an amount equal to the fiscal year's unappropriated general funds revenues. Establishes appropriation limits and a transfer schedule. Specifies the purpose of the Budget Stabilization Fund and requires that earnings on its investment remain in the Fund. Creates the Early Debt Retirement Fund as a special fund within the State treasury for payment of certain liabilities. Effective immediately.
Bill status vetoed 4 of 5 stages cleared
Introduction
Mar 2003
Committee Review
May 2003
Senate Passage
May 2003
House Passage
May 2003
Vetoed
Nov 2003
Introduced Mar 26, 2003 Vetoed Nov 6, 2003
Floor votes · Senate Mar 25, 2003 · House May 16, 2003

How they voted

25–10
Passed · 10 other
Total votes 45
Mar 25, 2003
D Democratic25
24 Yea 1
96% Yea
R Republican20
1 Yea 10 Nay 9
50% Nay
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
60
Key actions
4
Committee
6
Nov 6, 2003
Vetoed
Bill Dead - Amendatory Veto
upper
Oct 23, 2003
Vetoed
Placed on Calendar Amendatory Veto November 4, 2003
upper
Aug 12, 2003
Vetoed
Governor Amendatory Veto
upper
May 16, 2003
Upper · Passed
Passed Both Houses
upper
May 14, 2003
Lower · Passed
Do Pass / Short Debate State Government Administration Committee; 010-000-000
lower
Apr 29, 2003
Committee
Assigned to State Government Administration Committee
lower
Mar 26, 2003
Committee
Referred to Rules Committee
lower
Mar 26, 2003
Introduced
Arrived in House
lower
Mar 25, 2003
Senate · Passed
Senate Vote: pass (25-10-10)
senate
Mar 13, 2003
Upper · Passed
Do Pass State Government; 009-000-000
upper
Feb 27, 2003
Committee
Assigned to State Government
upper
Feb 20, 2003
Committee
Referred to Rules
upper
0 primary · 12 co-sponsors

Sponsors

No sponsor information available.