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 Bill Status of SB2258  100th General Assembly


Short Description:  MUNI CD-AUDIT REPORT STANDARDS

Senate Sponsors
Sen. Dale A. Righter

Last Action
DateChamber Action
  11/1/2017SenateReferred to Assignments

Statutes Amended In Order of Appearance
65 ILCS 5/8-8-5from Ch. 24, par. 8-8-5


Synopsis As Introduced
Amends the Illinois Municipal Auditing Law of the Illinois Municipal Code. Provides that audit reports reporting on the financial position and results of financial operations for each fund of the municipality shall be consistent with either the accrual or cash basis of accounting depending upon the system followed by each municipality and shall otherwise be in accordance with generally accepted accounting principles (currently, shall be in accordance with generally accepted accounting principles, insofar as possible).

Actions 
DateChamber Action
  11/1/2017SenateFiled with Secretary by Sen. Dale A. Righter
  11/1/2017SenateFirst Reading
  11/1/2017SenateReferred to Assignments

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