(30 ILCS 355/6)
(from Ch. 85, par. 1396)
Annual statements of assets and expenses and annual audit
reports shall be submitted to the Department and to the Legislative Audit
Commission by each
Authority receiving or having received State financial support.
Each Authority receiving or having received State financial support
shall prepare an annual operating plan which details
income and expenditures for the proposed budget
year of the Authority.
This plan shall contain the appropriate detail for the proposed budget
year and a 3 year plan which will justify the project's ability to
meet financial obligations by
producing sufficient revenue and detailing depreciation and maintenance
requirements. Such annual operating
shall be submitted to the Department and to the
Commission on Government Forecasting and Accountability no
later than January 15th of each year.
(Source: P.A. 93-1067, eff. 1-15-05.)