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<xml>
<title>Illinois General Assembly - Bill Status for HB 4324   </title>
<shortdesc>BUDGET STABILIZATION-PENSIONS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Jim Watson</sponsors>
</sponsor>
<lastaction>
<statusdate>1/9/2007</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>30 ILCS 122/10</reference><aliasreference></aliasreference><reference>30 ILCS 122/15</reference><aliasreference></aliasreference><SynopsisText>     Amends the Budget Stabilization Act. Further limits the General Assembly's appropriations, transfers, and diversions from general funds in fiscal years in which estimated revenues exceed the prior fiscal year's general funds revenues and requires the transfer of the remaining revenue to the State-funded retirement systems. Sets forth requirements for the transfers to the retirement systems. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>12/29/2005</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Jim Watson</action>
<statusdate>1/4/2006</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/4/2006</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/9/2007</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

