Sen. Chris Lauzen

Amends the Park District Code. Provides that the Fox Valley Pleasure Driveway and Park District is reorganized as a matter of law as the Fox Valley Park District. Provides for the transition from the existing park district board consisting of 6 appointed trustees with 4-year terms to a board of 7 elected commissioners with 4-year terms by providing for the appointed trustees now serving to be replaced as their terms expire by elected commissioners. Includes language concerning the length of terms for the commissioners elected in the first 2 elections held after the reorganization that corresponds to other portions of this Division. Makes corresponding changes in other Sections of the Code. Effective immediately.

Amends the Local Government Electronic Reverse Auction Act (enacted by P.A. 96-795). Makes a technical change in a Section concerning the short title.

Amends the School Code. Makes a technical change in a Section concerning the School Code's construction.

Amends the General Assembly, State Employees, State Universities, Downstate Teachers, and Judges Articles of the Illinois Pension Code. With respect to service on or after July 1, 2011 by current employees, adds provisions concerning the annuity rate of accrual, annuity calculations, automatic annual increases, and survivors' annuities. With respect to later entrants (members who first become members on or after July 1, 2011), adds provisions concerning creditable service, conditions for eligibility, amount of annuities, automatic annual increases, survivors' annuities, and refunds. Defines "salary", "earnings", "compensation", and "wages" for periods of service on and after July 1, 2011 for any participant or member of any retirement system or pension fund under this Code. Effective immediately.

Amends the Illinois Pension Code. Makes a technical change in a Section concerning downstate firefighters.

Amends the Prevailing Wage Act. Provides that the Act shall not apply to the wages of any owner, corporate officer, or other person vested with the responsibility of managing the affairs of a contractor or subcontractor with 25 employees or less.

Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.

Amends the State Finance Act. Provides that the Motor Fuel Tax Fund, the State Construction Account Fund, and the Road Fund shall not be subject to sweeps, administrative charges or chargebacks, or any other fiscal or budgetary maneuver that would transfer any amount from those Funds into any other Fund of the State unless those actions were specifically authorized by law prior to the effective date of the amendatory Act. Repeals a Section of the State Finance Act authorizing the Governor to transfer moneys from the Road Fund to State Construction Account Fund. Effective immediately.

Creates the Taxpayer Bill of Rights Spending Limitation Act. Establishes fiscal year spending limits based on inflation and population changes. Creates an Emergency Reserve Cash Fund, requires transfers to the Fund based on revenues limits, and requires expenditures only for emergencies and from appropriations adopted by a two-thirds vote of the House and Senate. Allows transfer of excess amounts in the Fund. Amends the State Finance Act to create the Fund. Effective immediately.

Amends the Illinois Horse Racing Act of 1975. Makes a technical change in a Section concerning wagering.