98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
SB3271

 

Introduced 2/14/2014, by Sen. Linda Holmes

 

SYNOPSIS AS INTRODUCED:
 
New Act

    Creates the State Funds Consolidation Act. Creates the State Funds Consolidation Board that shall: (i) review and analyze the current structure of the State's funds held in the State Treasury; (ii) review the Auditor General's finding regarding the excessive number of State funds that are held by the State; (iii) review specific funds to determine if it would be beneficial to the State to consolidate certain funds into existing or new funds; and (iv) report any recommendations to the General Assembly, the State Comptroller, the Governor, and the State Treasurer on an annual basis. Provides for the membership of the Board. Repeals the Act on June 30, 2018. Effective immediately.


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FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

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1    AN ACT concerning State government.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 1. Short title. This Act may be cited as the State
5Funds Consolidation Act.
 
6    Section 5. State Funds Consolidation Board; creation.
7    (a) There is created the State Funds Consolidation Board.
8The Board shall review and analyze the current structure of the
9State's funds held in the State Treasury. The Board shall also
10review the Auditor General's finding in the Management Audit of
11the State's Financial Reporting System conducted pursuant to
12Senate Resolution 609 of the 96th General Assembly, dated
13February 2011, regarding the excessive number of State funds
14held by the State of Illinois. The Board shall review specific
15funds to determine if it would be beneficial to the State to
16consolidate certain funds into existing or new funds. The Board
17shall report any recommendations to the General Assembly on an
18annual basis pursuant to Section 25 of this Act.
19    (b) The Board shall consist of 2 members appointed by the
20State Comptroller, 2 members appointed by the State Treasurer,
21and 2 members appointed by the Governor, all with the advice
22and consent of the Senate. One member appointed by the Governor
23must be the Director of the Governor's Office of Management and

 

 

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1Budget, or his or her designee. All members shall serve a
24-year term. A vacancy on the Board shall be filled by the
3relevant appointing authority for the remainder of the
4unexpired term.
5    (c) At least one member appointed by the State Comptroller,
6at least one member appointed by the State Treasurer, and at
7least one member appointed by the Governor shall be a licensed
8or registered Certified Public Accountant or have at least 10
9years of experience with Illinois State government. Any member
10who is not a licensed or registered Certified Public Accountant
11or does not have at least 10 years of experience with Illinois
12State government shall have relevant experience in business,
13government accounting, or finance.
14    (d) The State Comptroller, the State Treasurer, and the
15Governor shall each designate one of their appointed members as
16co-chairperson of the Board.
17    (e) The Board shall meet at least 4 times each year and at
18other times at the call of the chairpersons. Meetings of the
19Board shall be subject to the provisions of the Open Meetings
20Act.
21    (f) The members of the Board shall serve without
22compensation, but may be reimbursed for expenses.
 
23    Section 10. Powers. The Board has the power to:
24        (1) have a corporate seal and to alter that seal at
25    pleasure and use it by causing it or a facsimile to be

 

 

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1    affixed or impressed or reproduced in any other manner;
2        (2) use the services of the Office of the State
3    Comptroller, the Office of the State Treasurer, and the
4    Office of the Governor to carry out the Board's purposes,
5    subject to the approval of the respective office;
6        (3) consult with other states and private or public
7    organizations that have expertise on this subject matter;
8        (4) research, analyze, and recommend the consolidation
9    of funds;
10        (5) research, analyze, and recommend changes to make
11    the structure of the State's funds held in the State
12    Treasury more efficient;
13        (6) formulate specific recommendations for legislation
14    based on the report offered to the General Assembly; and
15        (7) adopt rules as may be necessary to carry out the
16    purpose of this Act, subject to the provisions of the
17    Illinois Administrative Procedure Act.
 
18    Section 15. Recommendations from other parties.
19    (a) The Board shall by rule develop and publicize a
20procedure that allows a head of a State agency to recommend
21funds for consideration for consolidation by the Board; and
22    (b) The Board shall by rule develop and publicize a
23procedure that allows a head of a professional organization to
24recommend funds for consideration for consolidation by the
25Board.
 

 

 

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1    Section 20. Cooperation. All State agencies must render
2full cooperation to the Board and its members, consistent with
3and subject to budget constraints of the agencies and all
4otherwise applicable laws, rules, and contractual obligations,
5including collective bargaining agreements.
 
6    Section 25. Report. The Board shall render a report to the
7General Assembly not later than January 15, 2015, and no later
8than January 15th of each year thereafter, that sets forth its
9findings and recommendations of specific funds that can be
10consolidated into existing or new funds. The report may also
11contain any other recommendations of the Board to make the
12structure of the State's funds held in the State Treasury more
13efficient.
 
14    Section 30. Recommendations. The Board shall formulate
15specific recommendations for legislation based on each report
16and deliver them to the General Assembly, the State
17Comptroller, the State Treasurer, and the Governor.
 
18    Section 35. Repeal. This Act is repealed on June 30, 2018.
 
19    Section 99. Effective date. This Act takes effect upon
20becoming law.