FINANCE-GENERAL FUNDS
- Introduced Feb 7, 2025
- In committee Feb 18, 2025
- Passed the House Next
- Passed the Senate
- To the governor
- Became law
What it does
The legislature's own summary of the bill, or its official long title.
Amends the State Budget Law of the Civil Administrative Code of Illinois and the Balanced Budget Note Act. Provides that the Pension Stabilization Fund is considered a general fund or a State general fund for the purposes of those Acts. Amends the State Finance Act. Provides that certain amounts transferred from the Budget Stabilization Fund to the General Revenue Fund are not required to be repaid into the Budget…
Read the full title (189 words)
Amends the State Budget Law of the Civil Administrative Code of Illinois and the Balanced Budget Note Act. Provides that the Pension Stabilization Fund is considered a general fund or a State general fund for the purposes of those Acts. Amends the State Finance Act. Provides that certain amounts transferred from the Budget Stabilization Fund to the General Revenue Fund are not required to be repaid into the Budget Stabilization Fund if the amount of accounts payable exceeds $4,000,000,000. Makes changes concerning monthly reports from State agencies to the Comptroller. Amends the Budget Stabilization Act. Provides that, beginning in Fiscal Year 2027, the General Assembly's appropriations and transfers or diversions as required by law from general funds shall not exceed 99% of the estimated general funds revenues for the fiscal year if (i) revenue estimates of the State's general funds revenues for the fiscal year exceed the prior fiscal year's estimated general funds revenues by more than 4% and (ii) projected accounts payable are estimated by the Comptroller to be less than $3,000,000,000 for the fiscal year. Makes other changes concerning transfers from the Budget Stabilization Fund. Effective immediately.
Every action
16 steps, oldest first, as the legislature records them.
Show the 8 earlier steps
- HouseFiled with the Clerk by Rep. Natalie A. Manley
- HouseFirst Reading
- CommitteeReferred to Rules Committee · House Rules
- CommitteeAssigned to Revenue & Finance Committee · House Revenue & Finance
- CommitteeTo Tax Policy: Finance Subcommittee · House Tax Policy: Finance Subcommittee
- HouseAdded Co-Sponsor Rep. Jaime M. Andrade, Jr.
- HouseAdded Co-Sponsor Rep. Rita Mayfield
- HouseAdded Co-Sponsor Rep. Elizabeth "Lisa" Hernandez
- HouseAdded Co-Sponsor Rep. Daniel Didech
- HouseAdded Co-Sponsor Rep. Dagmara Avelar
- HouseAdded Co-Sponsor Rep. Edgar González, Jr.
- HouseAdded Co-Sponsor Rep. Norma Hernandez
- CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules
- CommitteeAssigned to Revenue & Finance Committee · House Revenue & Finance
- CommitteeTo Tax Policy: Finance Subcommittee · House Tax Policy: Finance Subcommittee
- CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules
Roll calls
No recorded votes on this bill yet.
Sponsors
The member who introduced it, joined by 7 cosponsors: 7 Democrats.
-
Natalie A. ManleyD Primary sponsor · District 98
From Illinois's official records (www.ilga.gov), checked Nov 13, 2026. Text links go to the official versions; LegiList does not copy bill text.