SB1415 amends Illinois finance laws to adjust fund transfers and reporting requirements.

SB1415 amends the State Budget Law of the Civil Administrative Code of Illinois and the Balanced Budget Note Act. It modifies the definition of "general funds" to include the Pension Stabilization Fund. The bill sets rules for transfers from the General Revenue Fund to the Budget Stabilization Fund and the Pension Stabilization Fund, based on revenue estimates and accounts payable. It also changes monthly reporting requirements for state agencies to the Comptroller, including specific details for certain departments. The bill takes effect immediately upon becoming law.

SB1415 amends Illinois finance laws to adjust fund transfers and reporting requirements.

SB1415 amends the State Budget Law of the Civil Administrative Code of Illinois and the Balanced Budget Note Act. It modifies the definition of "general funds" to include the Pension Stabilization Fund. The bill sets rules for transfers from the General Revenue Fund to the Budget Stabilization Fund and the Pension Stabilization Fund, based on revenue estimates and accounts payable. It also changes monthly reporting requirements for state agencies to the Comptroller, including specific details for certain departments. The bill takes effect immediately upon becoming law.