Bill Text: IL HJRCA0031 | 2019-2020 | 101st General Assembly | Introduced
Bill Title: Proposes to amend the Finance Article of the Illinois Constitution. Provides that public funds shall not be expended for the purpose of a subsidy or bailout of a pension fund or retirement system for members of the General Assembly or constitutional officers. Effective upon being declared adopted.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2019-04-11 - Referred to Rules Committee [HJRCA0031 Detail]
Download: Illinois-2019-HJRCA0031-Introduced.html
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1 | HOUSE JOINT RESOLUTION
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2 | CONSTITUTIONAL AMENDMENT
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3 | RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE | |||||||||||||||||||
4 | HUNDRED FIRST GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE | |||||||||||||||||||
5 | SENATE CONCURRING HEREIN, that there shall be submitted to the | |||||||||||||||||||
6 | electors of the State for adoption or rejection at the general | |||||||||||||||||||
7 | election next occurring at least 6 months after the adoption of | |||||||||||||||||||
8 | this resolution a proposition to amend the Illinois | |||||||||||||||||||
9 | Constitution in Article VIII by adding Section 5 as follows:
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10 | ARTICLE VIII
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11 | FINANCE
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12 | (ILCON Art. VIII, Sec. 5 new) | |||||||||||||||||||
13 | SECTION 5. PROHIBITED EXPENDITURES; PENSION SUBSIDIES | |||||||||||||||||||
14 | Public funds shall not be expended for the purpose of a | |||||||||||||||||||
15 | subsidy or bailout of a pension fund or retirement system for | |||||||||||||||||||
16 | members of the General Assembly or officers under Section 1 of | |||||||||||||||||||
17 | Article V.
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18 | SCHEDULE
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19 | This Constitutional Amendment takes effect upon being | |||||||||||||||||||
20 | declared adopted in accordance with Section 7 of the Illinois | |||||||||||||||||||
21 | Constitutional Amendment Act.
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