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95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008 HB1269
Introduced 2/15/2007, by Rep. Robert Rita SYNOPSIS AS INTRODUCED: |
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50 ILCS 310/9 |
from Ch. 85, par. 709 |
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Amends the Governmental Account Audit Act. Provides that certain governmental units may
levy an auditing tax in an amount that is sufficient to pay the expenses associated with required audits. Effective immediately.
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| FISCAL NOTE ACT MAY APPLY | |
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A BILL FOR
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HB1269 |
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LRB095 04772 HLH 24831 b |
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| AN ACT concerning local government.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Governmental Account Audit Act is amended by |
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| changing Section 9 as follows:
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| (50 ILCS 310/9) (from Ch. 85, par. 709)
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| Sec. 9. The expenses of the audit and investigation of |
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| public accounts
provided for by this Act, whether ordered by |
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| the governing body or the
Comptroller, shall be paid by the |
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| governmental unit for which the audit
is made. Payment shall be |
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| ordered by the governing body out of the funds
of the unit and |
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| such authorities shall make provision for payment.
Contracts |
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| for the performance of audits required by this Act may be
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| entered into without competitive bidding. If the audit is made |
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| by a
licensed public accountant retained by the Comptroller, |
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| the governmental
unit shall pay to the Comptroller actual |
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| compensation and expenses to
reimburse him for the cost of |
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| making such audit.
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| The governing body of any governmental unit having taxing |
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| powers may
levy an auditing tax on all taxable
property in the |
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| unit as equalized or assessed by the Department of Revenue in |
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| an amount that will not require extension of
such tax at a rate
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| produce a sum that is sufficient to pay the costs of the audit |