Illinois Compiled Statutes > 25 ILCS 80 – Balanced Budget Note Act
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Terms Used In Illinois Compiled Statutes > 25 ILCS 80 - Balanced Budget Note Act
- Balanced budget: A budget in which receipts equal outlays.
- Conference committee: A temporary, ad hoc panel composed of conferees from both chamber of a legislature which is formed for the purpose of reconciling differences in legislation that has passed both chambers. Conference committees are usually convened to resolve bicameral differences on major and controversial legislation.
- Supplemental appropriation: Budget authority provided in an appropriations act in addition to regular or continuing appropriations already provided. Supplemental appropriations generally are made to cover emergencies, such as disaster relief, or other needs deemed too urgent to be postponed until the enactment of next year's regular appropriations act.