SB1542 95TH GENERAL ASSEMBLY

LRB095 10824 JAM 31084 b

95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
SB1542

Introduced 2/9/2007, by Sen. Christine Radogno - Pamela J. Althoff - Frank C. Watson - Carole Pankau - Gary G. Dahl, et al.

SYNOPSIS AS INTRODUCED:

15 ILCS 405/30 new

Amends the State Comptroller Act. Requires that the Comptroller publish each comprehensive annual financial report (CAFR) within 6 months after the end of the fiscal year to which the report relates. Requires that the Comptroller give notice of a publication delay to the Governor and legislative leaders and on the Comptroller's official website. Effective July 1, 2007.

FISCAL NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning State government.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The State Comptroller Act is amended by adding Section 30 as follows:

(15 ILCS 405/30 new)

Sec. 30. Comprehensive annual financial reports. The Comptroller shall publish each comprehensive annual financial report (CAFR) within 6 months after the end of the fiscal year to which the report relates. If the report is not published within that period, the Comptroller must promptly give notice of the delay to the Governor, the Speaker and Minority Leader of the House of Representatives, and the President and Minority Leader of the Senate and post notice of the delay on the Comptroller's official website.

Section 99. Effective date. This Act takes effect July 1, 2007.