Illinois General Assembly - Bill Status for HB3354

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Bill Status of HB3354 98th General Assembly

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Short Description: LONG-TERM ACCOUNTING ACT

House Sponsors
Rep. Michael W. Tryon

Last Action

Date	Chamber	Action
12/3/2014	House	Session Sine Die

Statutes Amended In Order of Appearance

New Act

15 ILCS 405/6.01

from Ch. 15, par. 206.01

25 ILCS 155/4

from Ch. 63, par. 344

Synopsis As Introduced
Creates the Long-Term Accounting Act. Provides that the purpose of the Act is to improve transparency and accountability during the State budget process. Contains provisions concerning the passage of appropriation bills and the electronic publication of appropriation bills. Amends the State Comptroller Act. Requires the Generally Accepted Accounting Standards and Principles for Illinois State Government be compatible with generally accepted accounting standards and principles for government as prescribed by the Governmental Accounting Standards Board. Amends the Commission on Governmental Forecasting and Accountability Act. Provides that the Commission on Governmental Forecasting and Accountability must publish fiscal budget statements. Sets forth the requirements for the fiscal budget statements. Contains other provisions. Effective immediately.

Actions

Date	Chamber	Action
2/26/2013	House	Filed with the Clerk by Rep. Michael W. Tryon
2/26/2013	House	First Reading
2/26/2013	House	Referred to Rules Committee
3/11/2013	House	Assigned to Executive Committee
3/22/2013	House	Rule 19(a) / Re-referred to Rules Committee
12/3/2014	House	Session Sine Die

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