Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that "debt service extension base" means, for park districts (i) that were first subject to this Law in 1991 or 1995 and (ii) whose extension for the 1994 levy year for the payment of principal and interest on bonds issued by the park district without referendum (but not including excluded non-referendum bonds) was less than 51% of the amount for the 1991 levy year constituting an extension for payment of principal and interest on bonds issued by the park district without referendum (but not including excluded non-referendum bonds), an amount equal to that portion of the extension for the 1991 levy year constituting an extension for payment of principal and interest on bonds issued by the park district without referendum (but not including excluded non-referendum bonds). Provides that "excluded non-referendum bonds" means (i) bonds authorized for certain aquarium and museum projects, (ii) double-barrelled bonds, and (iii) refunding obligations issued to refund or to continue to refund obligations initially issued pursuant to referendum.
Sponsored bills
Creates the Illinois Commission on the 50th Anniversary of Brown v. Board of Education.
Amends the Illinois Insurance Code in relation to surplus line insurance. Provides that surplus line insurance may be procured only from unauthorized insurers. Deems domestic surplus line insurers to be unauthorized insurers. Provides that a residual market mechanism is not included within the scope of the term "authorized insurer". Effective immediately.
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.
Amends the Criminal Code of 1961. Provides that the penalty provisions of the offense of unlawful purchase of a firearm apply to attempting to purchase firearms in violation of the statute. Effective immediately.
Amends the Environmental Protection Act. Creates the Computer Equipment Disposal and Recycling Commission. Requires that the Commission (i) issue a report of its findings and recommendations related to the disposal and recycling of computer equipment on or before May 31, 2004 and (ii) beginning on May 31, 2005, evaluate the implementation of programs by the State relating to computer equipment disposal and recycling, and shall issue a report of its finding and recommendations on or before December 31, 2006. Effective immediately.
Amends the Illinois Public Aid Code. Eliminates the current provision for a maximum $3 co-payment for brand-name drugs under the Medicaid program, and provides that no co-payment requirement may exist for prescription drugs. Effective immediately.
Amends the Minimum Wage Law. Increases the minimum wage for workers 18 years and older to $6.50 per hour on January 1, 2004. Provides that, beginning in 2005, the minimum wage shall be annually adjusted by the Department of Labor. Provides that the adjustment shall be calculated each September 30, using the consumer price index for urban wage earners and clerical workers, and shall take effect on January 1 of the following year. Provides that the Director of Labor shall by rule establish the minimum wage for employees under the age of 18 years. Deletes language providing that: (i) wages may not be less than the federal minimum hourly wage and wages paid to any employee under 18 years of age may not be more than 50 cents less than the wage required to be paid to employees who are at least 18 years of age; and (ii) every employer of an employee engaged in an occupation in which gratuities have customarily been recognized as part of the remuneration is entitled to an allowance for gratuities as part of the hourly wage rate in an amount not to exceed 40% of the applicable minimum wage rate.
Amends the Deposit of State Moneys Act, the Public Funds Deposit Act, the State Officers and Employees Money Disposition Act, and the Public Funds Investment Act. Provides that a treasurer or custodian of public funds may accept, as security for public funds deposited into a bank (i) certain securities authorized by certain provisions of the Deposit of State Moneys Act, the Public Funds Investment Act, or the Public Funds Deposit Act, and (ii) certificates issued by a financial institution with assets of $15,000,000 (instead of $30,000,000) or more. Authorizes a public agency, when depositing public funds, to enter into an agreement with financial institutions requiring that any non-insured funds be collateralized by certain classes of securities. Makes other changes. Effective immediately.
Amends the Illinois Income Tax Act. Removes language that terminates the earned income tax credit with taxable years ending on or before December 31, 2002. Exempts the credit from the sunset requirements. Effective immediately.