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| | HB3649 Engrossed | | LRB100 11329 MLM 21704 b |
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1 | | AN ACT concerning finance.
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2 | | Be it enacted by the People of the State of Illinois,
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3 | | represented in the General Assembly:
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4 | | Section 5. The State Finance Act is amended by changing |
5 | | Section 9.08 as follows: |
6 | | (30 ILCS 105/9.08) |
7 | | Sec. 9.08. State agency reports; bills held by the agency. |
8 | | (a) Each State agency shall provide a report to the State |
9 | | Comptroller identifying: (i) current State liabilities held at |
10 | | the agency, by fund source; (ii) whether the liabilities are |
11 | | appropriated; and (iii) an estimate of interest penalties |
12 | | accrued under the State Prompt Payment Act under criteria |
13 | | prescribed by the State Comptroller. The report shall be |
14 | | provided monthly in a time and form prescribed by the State |
15 | | Comptroller in which the State Comptroller may provide a waiver |
16 | | to the monthly reporting requirement if a State agency does not |
17 | | have State liabilities. On October 1, 2013 and by October 1 of |
18 | | each fiscal year thereafter, each State agency shall report the |
19 | | aggregate dollar amount of any bills held at the State agency |
20 | | on the previous June 30 to the Office of the State Comptroller. |
21 | | (b) As soon as possible after receiving a report from a |
22 | | State agency under subsection (a) of this Section, the State |
23 | | Comptroller shall post on his or her public-facing website the |