91st General Assembly
Summary of HB1433
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Senate Sponsors:

Short description: 
ST DEBT COLLECTION-AUD GEN                                                 

Synopsis of Bill as introduced:
        Amends the State Finance Act and the  Illinois  State  Collection      
   Act  of  1986.    Requires  that  the Auditor General establish a Debt      
   Collection Unit for the collection of overdue debts owed to the State.      
   Beginning  July  1,  2000,  requires   State   agencies   other   than      
   universities  to  determine  the uncollectibility of debts using rules      
   adopted by the Auditor General and to turn over to the Debt Collection      
   Unit debts more than 90 days overdue.  Exempts confidential debts owed      
   to the Department of Revenue.  Permits universities to use the Auditor      
   General's rules and to turn debts over to the  Debt  Collection  Unit.      
   Requires  that  10%  of debts collected by the Debt Collection Unit be      
   deposited into a special fund in the State treasury for payment of the      
   Unit's administrative costs.  Requires the Auditor General  to  report      
   semi-annually to the General Assembly and State Comptroller upon debts      
   owed  to the State and upon collection efforts.  Abolishes in 2000 the      
   Debt Collection  Board,  the  Comptroller's  use  of  special  account      
   receivable  funds,  and  the  use  of  private  collection services by      
   individual State agencies.  Effective immediately.                          
          FISCAL NOTE (Auditor General)                                        
          Estimated projected workload is $2.5 billion. Start-up costs,        
          not including acquisition of space, would be an estimated            
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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