HB3985 EngrossedLRB097 16488 PJG 61656 b

1    AN ACT concerning finance.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The State Finance Act is amended by adding
5Section 9.08 as follows:
 
6    (30 ILCS 105/9.08 new)
7    Sec. 9.08. Vouchers; submission; posting.
8    (a) Within 25 business days after a State agency receives a
9vendor's bill or invoice for goods or services payable from the
10General Revenue Fund, or as soon thereafter as practical, the
11State agency must either (i) submit a voucher to the
12Comptroller for payment of the bill or invoice or (ii) return
13the bill or invoice to the vendor to correct specified errors
14or inaccuracies in the bill or invoice.
15    (b) Within 5 business days after the Comptroller receives
16an error-free voucher for payment of a vendor's bill or invoice
17for goods or services from a State agency, the Comptroller must
18approve or deny the voucher. If the voucher is approved, the
19Comptroller shall immediately post the transaction to the
20Statewide Accounting Management System. Within 2 business days
21after approval of a voucher, the Comptroller shall post the
22payment transaction or the accounts payable transaction in
23aggregate for vouchers payable from the General Revenue Fund on

 

 

HB3985 Engrossed- 2 -LRB097 16488 PJG 61656 b

1the Comptroller's website.
 
2    Section 99. Effective date. This Act takes effect upon
3becoming law.