HB3181 103RD GENERAL ASSEMBLY

LRB103 29941 AWJ 56356 b

103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB3181

Introduced 2/17/2023, 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.

A BILL FOR

AN ACT concerning local government.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Governmental Account Audit Act is amended by adding Section 12 as follows:

(50 ILCS 310/12 new)

Sec. 12. Inclusion of indebtedness in financial reports and audits.

(a) As used in this Section, "indebtedness" includes, but is not limited to, bonded indebtedness, loans, or any other type of obligation for all accounts and funds of the governmental unit.

(b) Notwithstanding any other provision of law, every financial report and audit report created by a governmental unit, including, but not limited to, a report provided to the Comptroller, shall include a complete accounting of indebtedness of the governmental unit.

Section 10. The Counties Code is amended by adding Section 3-13005 as follows:

(55 ILCS 5/3-13005 new)

Sec. 3-13005. Inclusion of indebtedness in financial reports and audits.

(a) As used in this Section, "indebtedness" includes, but is not limited to, bonded indebtedness, loans, or any other type of obligation for all accounts and funds of the county.

(b) Notwithstanding any other provision of law, every financial report and audit report created by a county, including, but not limited to, a report provided to the Comptroller, shall include a complete accounting of indebtedness of the county.

(c) A home rule county may not prepare reports or audits in a manner inconsistent with this Section. This Section is a limitation under subsection (i) of Section 6 of Article VII of the Illinois Constitution on the concurrent exercise by home rule units of powers and functions exercised by the State.

Section 15. The Illinois Municipal Code is amended by adding Section 8-1-19 as follows:

(65 ILCS 5/8-1-19 new)

Sec. 8-1-19. Inclusion of indebtedness in financial reports and audits.

(a) As used in this Section, "indebtedness" includes, but is not limited to, bonded indebtedness, loans, or any other type of obligation for all accounts and funds of the municipality.

(b) Notwithstanding any other provision of law, every financial report and audit report created by a municipality, including, but not limited to, a report provided to the Comptroller, shall include a complete accounting of indebtedness of the municipality.

(c) A home rule municipality may not prepare reports or audits in a manner inconsistent with this Section. This Section is a limitation under subsection (i) of Section 6 of Article VII of the Illinois Constitution on the concurrent exercise by home rule units of powers and functions exercised by the State.