Illinois General Assembly - Illinois Compiled Statutes

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50 ILCS 310/9

(50 ILCS 310/9) (from Ch. 85, par. 709)

Sec. 9.

The expenses of the audit and investigation of public accounts
provided for by this Act, whether ordered by the governing body or the
Comptroller, shall be paid by the governmental unit for which the audit
is made. Payment shall be ordered by the governing body out of the funds
of the unit and such authorities shall make provision for payment.
Contracts for the performance of audits required by this Act may be
entered into without competitive bidding. If the audit is made by a
licensed public accountant retained by the Comptroller, the governmental
unit shall pay to the Comptroller actual compensation and expenses to
reimburse him for the cost of making such audit.

The governing body of any governmental unit having taxing powers may
levy an auditing tax in an amount that will not require extension of
such tax at a rate in excess of .005% of the value of all taxable
property in the unit as equalized or assessed by the Department of Revenue.
This auditing tax may be in excess of or in addition
to any statutory limitation of rate or amount. Money received from the
auditing tax shall be held in a special fund and used only for the
payment of auditing expenses.

(Source: P.A. 81-1509.)