Illinois General Assembly - Full Text of HB3387
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Full Text of HB3387  102nd General Assembly

HB3387 102ND GENERAL ASSEMBLY

  
  

 


 
102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB3387

 

Introduced 2/22/2021, by Rep. Tom Weber

 

SYNOPSIS AS INTRODUCED:
 
50 ILCS 310/12 new
55 ILCS 5/3-13005 new
65 ILCS 5//8-1-19 new

    Amends the Governmental Account Audit Act, Counties Code, and Illinois Municipal Code. Provides that every financial report and audit report created by a governmental unit, county, or municipality, including, but not limited to, a report provided to the Comptroller, shall include a complete accounting of indebtedness of the governmental unit, county, or municipality. Limits home rule powers.


LRB102 14645 AWJ 19998 b

HOME RULE NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB3387LRB102 14645 AWJ 19998 b

1    AN ACT concerning local government.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Governmental Account Audit Act is amended
5by adding Section 12 as follows:
 
6    (50 ILCS 310/12 new)
7    Sec. 12. Inclusion of indebtedness in financial reports
8and audits.
9    (a) As used in this Section, "indebtedness" includes, but
10is not limited to, bonded indebtedness, loans, or any other
11type of obligation for all accounts and funds of the
12governmental unit.
13    (b) Notwithstanding any other provision of law, every
14financial report and audit report created by a governmental
15unit, including, but not limited to, a report provided to the
16Comptroller, shall include a complete accounting of
17indebtedness of the governmental unit.
18    (c) A home rule governmental unit may not prepare reports
19or audits in a manner inconsistent with this Section. This
20Section is a limitation under subsection (i) of Section 6 of
21Article VII of the Illinois Constitution on the concurrent
22exercise by home rule units of powers and functions exercised
23by the State.
 

 

 

HB3387- 2 -LRB102 14645 AWJ 19998 b

1    Section 10. The Counties Code is amended by adding Section
23-13005 as follows:
 
3    (55 ILCS 5/3-13005 new)
4    Sec. 3-13005. Inclusion of indebtedness in financial
5reports and audits.
6    (a) As used in this Section, "indebtedness" includes, but
7is not limited to, bonded indebtedness, loans, or any other
8type of obligation for all accounts and funds of the county.
9    (b) Notwithstanding any other provision of law, every
10financial report and audit report created by a county,
11including, but not limited to, a report provided to the
12Comptroller, shall include a complete accounting of
13indebtedness of the county.
14    (c) A home rule county may not prepare reports or audits in
15a manner inconsistent with this Section. This Section is a
16limitation under subsection (i) of Section 6 of Article VII of
17the Illinois Constitution on the concurrent exercise by home
18rule units of powers and functions exercised by the State.
 
19    Section 15. The Illinois Municipal Code is amended by
20adding Section /8-1-19 as follows:
 
21    (65 ILCS 5//8-1-19 new)
22    Sec. /8-1-19. Inclusion of indebtedness in financial

 

 

HB3387- 3 -LRB102 14645 AWJ 19998 b

1reports and audits.
2    (a) As used in this Section, "indebtedness" includes, but
3is not limited to, bonded indebtedness, loans, or any other
4type of obligation for all accounts and funds of the
5municipality.
6    (b) Notwithstanding any other provision of law, every
7financial report and audit report created by a municipality,
8including, but not limited to, a report provided to the
9Comptroller, shall include a complete accounting of
10indebtedness of the municipality.
11    (c) A home rule municipality may not prepare reports or
12audits in a manner inconsistent with this Section. This
13Section is a limitation under subsection (i) of Section 6 of
14Article VII of the Illinois Constitution on the concurrent
15exercise by home rule units of powers and functions exercised
16by the State.