|
| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB3985 Introduced 1/18/2012, by Rep. Dwight Kay SYNOPSIS AS INTRODUCED:
|
| |
Amends the State Finance Act. Provides that, within 25 business days after a State agency receives a vendor's bill or invoice for goods or services payable from the General Revenue Fund, or as soon thereafter as practical, the State agency must either (i) submit a voucher to the Comptroller for payment of the bill or invoice or (ii) return the bill or invoice to the vendor to correct specified errors or inaccuracies in the bill or invoice. Provides that, within 5 business days after the Comptroller receives the error-free voucher, the Comptroller must approve or deny the voucher. Provides that, within 2 business days after approval of a voucher, the Comptroller shall post the payment transaction or the accounts payable transaction in aggregate for vouchers payable from the General Revenue Fund on the Comptroller's website. Effective immediately.
|
| |
| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
|
|
| | HB3985 | | LRB097 16488 PJG 61656 b |
|
|
| 1 | | AN ACT concerning finance.
|
| 2 | | Be it enacted by the People of the State of Illinois,
|
| 3 | | represented in the General Assembly:
|
| 4 | | Section 5. The State Finance Act is amended by adding |
| 5 | | Section 9.08 as follows:
|
| 6 | | (30 ILCS 105/9.08 new) |
| 7 | | Sec. 9.08. Vouchers; submission; posting. |
| 8 | | (a) Within 25 business days after a State agency receives a |
| 9 | | vendor's bill or invoice for goods or services payable from the |
| 10 | | General Revenue Fund, or as soon thereafter as practical, the |
| 11 | | State agency must either (i) submit a voucher to the |
| 12 | | Comptroller for payment of the bill or invoice or (ii) return |
| 13 | | the bill or invoice to the vendor to correct specified errors |
| 14 | | or inaccuracies in the bill or invoice. |
| 15 | | (b) Within 5 business days after the Comptroller receives |
| 16 | | an error-free voucher for payment of a vendor's bill or invoice |
| 17 | | for goods or services from a State agency, the Comptroller must |
| 18 | | approve or deny the voucher. If the voucher is approved, the |
| 19 | | Comptroller shall immediately post the transaction to the |
| 20 | | Statewide Accounting Management System. Within 2 business days |
| 21 | | after approval of a voucher, the Comptroller shall post the |
| 22 | | payment transaction or the accounts payable transaction in |
| 23 | | aggregate for vouchers payable from the General Revenue Fund on |