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.
Sponsored bills
Creates the Community Senior Services and Resources Act and amends the State Finance Act. Provides for grants to be awarded by the Department on Aging to local community senior services and resource centers. Provides for a Community Senior Services and Resource Center Advisory Committee, with 12 voting members appointed by the Governor, to advise the Department on Aging on the administration of the Act. Creates the Community Senior Services and Resources Fund as a special fund in the State treasury, to be used by the Department on Aging for grant awards and for administering the Community Senior Services and Resources Act. Effective immediately.
Provides that State Route 5 be named Illinois Veterans War Memorial Highway in honor of the military veterans of Rock Island County.
Congratulates the Mercer County Agricultural Society on the occasion of its 150th anniversary.
Amends the Illinois Procurement Code. Creates a 5-year prohibition against bids from and contracts with businesses with personnel convicted of a felony under (i) the Sarbanes-Oxley Act of 2002 or (ii) the Illinois Securities Law of 1953. Requires that bids and contracts certify that the business is not barred by the prohibition and permits a State agency to void a contract if the certification is false.
Amends the Fire Protection District Act. Provides that, to encourage continued service with the district, the board of trustees of a fire protection district has the express power to award monetary incentives, not to exceed $240 per year, to volunteer firefighters of the district. Provides that to be eligible for the incentives, the volunteer firefighters must have at least 5 years of service with the district. Provides that the amount of the incentives may not be greater than 2% of the annual levy amount when all incentive awards are combined.
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.
Amends the Senior Citizens and Disabled Persons Property Tax Relief and Pharmaceutical Assistance Act. Provides that beginning on January 1, 2004, the pharmaceutical assistance program covers prescription drugs used in the treatment of multiple sclerosis.
Amends the Financial Identity Theft and Asset Forfeiture Law of the Criminal Code of 1961. Changes the name of the Article to the Identity Theft Law and the names of the offenses of financial identity theft and aggravated financial identity theft to identity theft and aggravated identity theft. Includes in the offense of identity theft: (1) using any personal identification information or personal identification document of another with intent to commit any theft or felony violation of Illinois State law; (2) obtaining, recording, possessing, selling, transferring, purchasing, or manufacturing any personal identification information or personal identification document with intent to commit or to aid or abet another in committing any theft or felony violation of Illinois State law; (3) using, obtaining, recording, possessing, selling, transferring, purchasing or manufacturing any personal identification information or personal identification document of another knowing that such personal identification information or personal identification documents were stolen or produced without lawful authority; or (4) using, transferring, or possessing document-making implements to produce false identification or false documents with knowledge that they will be used by the offender or another to commit any theft or felony violation of State law. Effective immediately.
Creates the Illinois Early Learning Council Act. Establishes the Illinois Early Learning Council to coordinate existing State programs and services for children from birth to 5 years of age in order to better meet the early learning needs of children and their families. Provides for the appointment of members to the Council who represent both public and private organizations and who shall serve on a voluntary, unpaid basis.