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SB 1415

FINANCE-GENERAL FUNDS

104th Regular Session Introduced by Mike Halpin

Reclassifies Pension Stabilization Fund as general funds and lets the Comptroller transfer to cover overdue vouchers up to $4B, with agency reporting and a 99% expenditure rule.

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Bill Summary · SB 1415

SB 1415 — Summary (two different bills with the same number included in the provided materials)

Note: The provided document contains text from two distinct SB 1415 bills from different states. Below are clear, separate summaries for each—an Arizona elections bill and an Illinois finance bill—so readers can understand the purpose and effects of each measure.

Arizona — SB 1415 (Sen. Lauren Kuby et al.)

Primary subject: Amendments to election precincts and polling-place law (A.R.S. §16-411)

Purpose / intent

To revise county responsibilities for establishing polling places and voting centers and to expand access to campus voters by requiring polling places/voting centers and ballot drop boxes at public higher‑education locations.

Key provisions

  • Amends A.R.S. §16‑411 (designation of precincts/polling places and voting centers).
  • Requires each county board of supervisors to:
    • Designate at least one polling place or voting center on the main campus of each state university located in that county.
    • Provide at least one early‑ballot drop box at each state university satellite location and at each community college campus and community college satellite location in the county.
  • Retains existing authority for boards to:
    • Combine adjacent precincts or establish voting centers, emergency voting centers, and consolidate polling places under specified findings and procedures.
    • Allow county recorders to make emergency changes when necessary (with public notice).
  • The printed version is truncated after a reference to the Department of Administration coordinating beginning in 2026.

Who is affected

  • County boards of supervisors and county election officials (county recorders) — new obligations to site polling places/voting centers and drop boxes on higher-education campuses.
  • State universities, community colleges and their campus facilities (may be used for polling or receive drop boxes).
  • Campus-affiliated voters and students — increased on-campus voting options.

Procedural/timeline aspects

  • Legislative actions in the file show the bill passed both chambers and was signed by the governor on 2025-05-19 with an effective date of 2025-09-01. (Those actions pertain to the document provided; readers should confirm final enactment with the official state code or legislative website.)

Illinois — SB 1415 (Sen. Michael W. Halpin)

Primary subject: State finance — classification of funds, Budget Stabilization Fund rules, reporting changes

Purpose / intent

To (1) reclassify the Pension Stabilization Fund as part of the State’s “general funds” for various fiscal rules and reporting statutes, and (2) change rules governing transfers between the Budget Stabilization Fund and the General Revenue Fund and related agency reporting requirements—providing additional flexibility to cover outstanding vouchers/accounts payable under defined conditions.

Key provisions

  • Amends the State Budget Law and Balanced Budget Note Act to include the Pension Stabilization Fund in the definition of “general funds” / “State general funds.”
  • Amends the State Finance Act:
    • Allows the Comptroller to direct transfers from the Budget Stabilization Fund to the General Revenue Fund to address outstanding vouchers/accounts payable and specifies that such transfers are not required to be repaid into the Budget Stabilization Fund if, as of June 30 of that fiscal year, the Comptroller determines accounts payable exceed $4,000,000,000.
    • Adds reporting requirements for state agencies to provide monthly data on liabilities, invoices that may be paid from future appropriations, and estimates of tax refund shortfalls; requires posting of such data on the Comptroller’s public website (with special January reporting items for certain agencies).
    • Adds a budgetary rule beginning in Fiscal Year 2027 that, under certain conditions (projected general funds revenues > prior year by more than 4% and projected accounts payable estimated to be less than $3,000,000,000), the General Assembly’s appropriations/transfers from general funds shall not exceed 99% of estimated general funds revenues for the fiscal year.
  • Miscellaneous technical/transition items (some existing transfer mechanics and prior‑year carveouts are retained).

Who is affected

  • State fiscal officers (Comptroller, Treasurer) and the Governor’s budget office — changes to transfer authority and reporting.
  • All state agencies — expanded monthly reporting obligations.
  • Budgetary policy/legislative appropriations — alters available tools and constraints for addressing high accounts payable and budget-year liquidity.

Fiscal / policy impact

  • Provides flexibility to use stabilization reserves without mandatory repayment when accounts payable exceed $4 billion — potentially easing short-term cash pressure but could affect long‑term reserve balances.
  • Reclassifying the Pension Stabilization Fund as “general funds” may change how revenues and reserves are counted for budgeting, supplemental appropriation rules, and fiscal-note calculations.
  • Increased transparency of agency liabilities, but could affect perceived fiscal stability and credit considerations depending on how often and under what conditions the new transfer/repayment rules are invoked.

Effective date / status

  • The version in the document indicates it was introduced in early 2025; the printed synopsis states “Effective immediately.” Readers should consult the Illinois General Assembly for final status and enactment details.

Related/companion bills noted in the materials: HB 1587 and HB 1096 (listed as companions; confirm jurisdiction and content).

Compiled from official sources — confirm details with the bill’s official record.

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