(15 ILCS 405/7) (from Ch. 15, par. 207)
Sec. 7.
State accounting system - State agencies defined - accounts
notice of change. In accordance with generally accepted accounting principles
applicable to government the
comptroller shall develop and prescribe for the use of all State
agencies a uniform accounting system, applying the encumbrance method of
accounting and so designed as to insure compliance with all legal and
constitutional requirements including those respecting the receipt and
expenditure of and the accountability for public funds.
For purposes of this Act, "State agencies" or "agencies" means all
departments, officers, authorities, public corporations and quasi-public
corporations, commissions, boards, institutions, State colleges and
universities and all other public agencies created by the State, other
than units of local government and school districts. The comptroller
shall keep accounts with respect to each State agency which shall
accurately reflect the receiving, expending or contracting for the
receipt or expenditure of money or other assets on behalf of the State
and shall keep accounts of all amounts which may be paid into or out of
the State treasury or held or paid out by the State Treasurer.
In developing rules and regulations to implement the uniform
accounting system, and in formulating all subsequent changes to the
uniform system, the comptroller shall consult with the director,
chairman, or other appropriate head of each State agency. The
comptroller shall publish and distribute to each State agency a draft of
rules and regulations constituting a proposal for the uniform accounting
system a reasonable time before any rules and regulations are adopted to
prescribe the uniform accounting system. The comptroller shall receive
and consider comments by State agencies and by interested citizens on
the published proposal before prescribing the uniform accounting system.
No change in the uniform accounting system developed and prescribed
under this Section may take effect until 30 days have elapsed from the
date the comptroller has given written notice of such change to the
Governor, Director of Central Management Services,
State Treasurer and Auditor General.
(Source: P.A. 82-789.)
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