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<xml>
<title>Illinois General Assembly - Bill Status for SB 1541   </title>
<shortdesc>GEN FUNDS REVENUE ESTIMATE</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Christine Radogno and Pamela J. Althoff</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2009</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>30 ILCS 122/12 new</reference><aliasreference></aliasreference><reference>30 ILCS 122/15</reference><aliasreference></aliasreference><SynopsisText>Amends the Budget Stabilization Act. Requires the Governor's Office of Management and Budget to make public a certified general funds revenue estimate for the current fiscal year at the same time the Governor submits a budget for the upcoming fiscal year. Requires actual revenues that exceed the certified estimate to be deposited into the Budget Stabilization Fund to be used to pay prior fiscal year liabilities, pension liabilities, and bond debt. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/9/2007</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Christine Radogno</action>
<statusdate>2/9/2007</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/9/2007</statusdate><chamber>Senate</chamber><action>Referred to Rules</action>
<statusdate>3/28/2007</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Pamela J. Althoff</action>
<statusdate>1/13/2009</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

