99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
SB1405

 

Introduced 2/20/2015, by Sen. Linda Holmes and Jason A. Barickman

 

SYNOPSIS AS INTRODUCED:
 
New Act

    Creates the State Funds Consolidation Act. Creates the State Funds Consolidation Board that shall: (i) review and analyze the current structure of the State's funds held in the State Treasury; (ii) review the Auditor General's finding regarding the excessive number of State funds that are held by the State; (iii) review specific funds to determine if it would be beneficial to the State to consolidate certain funds into existing or new funds; and (iv) report any recommendations to the General Assembly, the State Comptroller, the Governor, and the State Treasurer on an annual basis. Provides for the membership of the Board. Repeals the Act on June 30, 2019. Effective immediately.


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FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

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1    AN ACT concerning State government.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 1. Short title. This Act may be cited as the State
5Funds Consolidation Act.
 
6    Section 5. State Funds Consolidation Board; creation.
7    (a) There is created the State Funds Consolidation Board.
8The Board shall review and analyze the current structure of the
9State's funds held in the State Treasury. The Board shall also
10review the Auditor General's finding in the Management Audit of
11the State's Financial Reporting System conducted pursuant to
12Senate Resolution 609 of the 96th General Assembly, dated
13February 2011, regarding the excessive number of State funds
14held by the State of Illinois. The Board shall review specific
15funds to determine if it would be beneficial to the State to
16consolidate certain funds into existing or new funds. The Board
17shall report any recommendations to the General Assembly on an
18annual basis pursuant to Section 25 of this Act.
19    (b) The Board shall consist of: (i) 2 members appointed by
20the State Comptroller, 2 members appointed by the State
21Treasurer, and 2 members appointed by the Governor, all with
22the advice and consent of the Senate, and (ii) one member
23appointed by the Speaker of the House of Representatives, one

 

 

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1member appointed by the President of the Senate, one member
2appointed by the Minority Leader of the House of
3Representatives, and one member appointed by the Minority
4Leader of the Senate. One member appointed by the Governor must
5be the Director of the Governor's Office of Management and
6Budget, or his or her designee. All members shall serve a
74-year term. A vacancy on the Board shall be filled by the
8relevant appointing authority for the remainder of the
9unexpired term.
10    (c) At least one member appointed by the State Comptroller,
11at least one member appointed by the State Treasurer, and at
12least one member appointed by the Governor shall be a licensed
13or registered Certified Public Accountant or have at least 10
14years of experience with Illinois State government. Any member
15who is not a licensed or registered Certified Public Accountant
16or does not have at least 10 years of experience with Illinois
17State government shall have relevant experience in business,
18government accounting, or finance.
19    (d) The State Comptroller, or his or her designee, shall
20serve as the Chairperson of the Board.
21    (e) The Board shall meet at least 4 times each year and at
22other times at the call of the chairpersons. Meetings of the
23Board shall be subject to the provisions of the Open Meetings
24Act.
25    (f) The members of the Board shall serve without
26compensation, but may be reimbursed for expenses.
 

 

 

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1    Section 10. Powers. The Board has the power to:
2        (1) have a corporate seal and to alter that seal at
3    pleasure and use it by causing it or a facsimile to be
4    affixed or impressed or reproduced in any other manner;
5        (2) use the services of the Office of the State
6    Comptroller, the Office of the State Treasurer, and the
7    Office of the Governor to carry out the Board's purposes,
8    subject to the approval of the respective office;
9        (3) consult with other states and private or public
10    organizations that have expertise on this subject matter;
11        (4) research, analyze, and recommend the consolidation
12    of funds;
13        (5) research, analyze, and recommend changes to make
14    the structure of the State's funds held in the State
15    Treasury more efficient;
16        (6) formulate specific recommendations for legislation
17    based on the report offered to the General Assembly; and
18        (7) adopt rules as may be necessary to carry out the
19    purpose of this Act, subject to the provisions of the
20    Illinois Administrative Procedure Act.
 
21    Section 15. Recommendations from other parties.
22    (a) The Board shall by rule develop and publicize a
23procedure that allows a head of a State agency to recommend
24funds for consideration for consolidation by the Board; and

 

 

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1    (b) The Board shall by rule develop and publicize a
2procedure that allows a head of a professional organization to
3recommend funds for consideration for consolidation by the
4Board.
 
5    Section 20. Cooperation. All State agencies must render
6full cooperation to the Board and its members, consistent with
7and subject to budget constraints of the agencies and all
8otherwise applicable laws, rules, and contractual obligations,
9including collective bargaining agreements.
 
10    Section 25. Report. The Board shall render a report to the
11General Assembly not later than January 15, 2016, and no later
12than January 15th of each year thereafter, that sets forth its
13findings and recommendations of specific funds that can be
14consolidated into existing or new funds. The report may also
15contain any other recommendations of the Board to make the
16structure of the State's funds held in the State Treasury more
17efficient.
 
18    Section 30. Recommendations. The Board shall formulate
19specific recommendations for legislation based on each report
20and deliver them to the General Assembly, the State
21Comptroller, the State Treasurer, and the Governor.
 
22    Section 35. Repeal. This Act is repealed on June 30, 2019.
 

 

 

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1    Section 99. Effective date. This Act takes effect upon
2becoming law.