Bill Text: IL HB3399 | 2021-2022 | 102nd General Assembly | Introduced

---

Bill Title: Amends the Commission on Government Forecasting and Accountability Act. Provides that the Commission on Government Forecasting and Accountability shall study the property tax laws of Florida, Tennessee, and Texas and report to the Governor and the General Assembly no later than December 31, 2021. Effective immediately.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2021-03-27 - Rule 19(a) / Re-referred to Rules Committee [HB3399 Detail]

Download: Illinois-2021-HB3399-Introduced.html

---

102ND GENERAL ASSEMBLY State of Illinois 2021 and 2022 HB3399 Introduced , by Rep. Deanne M. Mazzochi SYNOPSIS AS INTRODUCED:
25 ILCS 155/3 from Ch. 63, par. 343
Amends the Commission on Government Forecasting and Accountability Act. Provides that the Commission on Government Forecasting and Accountability shall study the property tax laws of Florida, Tennessee, and Texas and report to the Governor and the General Assembly no later than December 31, 2021. Effective immediately.
LRB102 13580 HLH 18928 b
FISCAL NOTE ACT MAY APPLY HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
A BILL FOR
HB3399 LRB102 13580 HLH 18928 b
AN ACT concerning State government.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Commission on Government Forecasting and
Accountability Act is amended by changing Section 3 as
follows:
(25 ILCS 155/3) (from Ch. 63, par. 343)
Sec. 3. The Commission shall:
(1) Study from time to time and report to the General
Assembly on economic development and trends in the State.
(2) Make such special economic and fiscal studies as
it deems appropriate or desirable or as the General
Assembly may request.
(3) Based on its studies, recommend such State fiscal
and economic policies as it deems appropriate or desirable
to improve the functioning of State government and the
economy of the various regions within the State.
(4) Prepare annually a State economic report.
(5) Provide information for all appropriate
legislative organizations and personnel on economic trends
in relation to long range planning and budgeting.
(6) Study and make such recommendations as it deems
appropriate to the General Assembly on local and regional

HB3399 - 2 - LRB102 13580 HLH 18928 b
economic and fiscal policy and on federal fiscal policy as
it may affect Illinois.
(7) Review capital expenditures, appropriations and
authorizations for both the State's general obligation and
revenue bonding authorities. At the direction of the
Commission, specific reviews may include economic
feasibility reviews of existing or proposed revenue bond
projects to determine the accuracy of the original
estimate of useful life of the projects, maintenance
requirements and ability to meet debt service requirements
through their operating expenses.
(8) Receive and review all executive agency and
revenue bonding authority annual and 3 year plans. The
Commission shall prepare a consolidated review of these
plans, an updated assessment of current State agency
capital plans, a report on the outstanding and unissued
bond authorizations, an evaluation of the State's ability
to market further bond issues and shall submit them as the
"Legislative Capital Plan Analysis" to the House and
Senate Appropriations Committees at least once a year. The
Commission shall annually submit to the General Assembly
on the first Wednesday of April a report on the State's
long-term capital needs, with particular emphasis upon and
detail of the 5-year period in the immediate future.
(9) Study and make recommendations it deems
appropriate to the General Assembly on State bond

HB3399 - 3 - LRB102 13580 HLH 18928 b
financing, bondability guidelines, and debt management. At
the direction of the Commission, specific studies and
reviews may take into consideration short and long-run
implications of State bonding and debt management policy.
(10) Comply with the provisions of the "State Debt
Impact Note Act" as now or hereafter amended.
(11) Comply with the provisions of the Pension Impact
Note Act, as now or hereafter amended.
(12) By August 1st of each year, the Commission must
prepare and cause to be published a summary report of
State appropriations for the State fiscal year beginning
the previous July 1st. The summary report must discuss
major categories of appropriations, the issues the General
Assembly faced in allocating appropriations, comparisons
with appropriations for previous State fiscal years, and
other matters helpful in providing the citizens of
Illinois with an overall understanding of appropriations
for that fiscal year. The summary report must be written
in plain language and designed for readability.
Publication must be in newspapers of general circulation
in the various areas of the State to ensure distribution
statewide. The summary report must also be published on
the General Assembly's web site.
(13) Comply with the provisions of the State
Facilities Closure Act.
(14) For fiscal year 2012 and thereafter, develop a

HB3399 - 4 - LRB102 13580 HLH 18928 b
3-year budget forecast for the State, including
opportunities and threats concerning anticipated revenues
and expenditures, with an appropriate level of detail.
(15) Perform the powers, duties, rights, and
responsibilities of the Legislative Research Unit as
transferred to the Commission under Section 7.
(16) Study the property tax laws of Florida,
Tennessee, and Texas and report to the Governor and the
General Assembly no later than December 31, 2021.
The requirement for reporting to the General Assembly
shall be satisfied by filing copies of the report as required
by Section 3.1 of the General Assembly Organization Act, and
filing such additional copies with the State Government Report
Distribution Center for the General Assembly as is required
under paragraph (t) of Section 7 of the State Library Act.
(Source: P.A. 100-1148, eff. 12-10-18.)
Section 99. Effective date. This Act takes effect upon
becoming law.