SB1405eng 99TH GENERAL ASSEMBLY

SB1405 Engrossed LRB099 06086 JLK 29184 b

AN ACT concerning State government.

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

Section 1. Short title. This Act may be cited as the State Funds Consolidation Act.

Section 5. State Funds Consolidation Board; creation.

(a) There is created the State Funds Consolidation Board. The Board shall review and analyze the current structure of the State's funds held in the State treasury. The Board shall also review the Auditor General's finding in the Management Audit of the State's Financial Reporting System conducted pursuant to Senate Resolution 609 of the 96th General Assembly, dated February 2011, regarding the excessive number of State funds held by the State of Illinois. The Board shall review specific funds to determine if it would be beneficial to the State to consolidate certain funds into existing or new funds. The Board shall report any recommendations to the General Assembly on an annual basis pursuant to Section 25 of this Act.

(b) The Board shall consist of: (i) 2 members appointed by the State Comptroller, 2 members appointed by the State Treasurer, and 2 members appointed by the Governor, all with the advice and consent of the Senate, and (ii) one member appointed by the Speaker of the House of Representatives, one member appointed by the President of the Senate, one member appointed by the Minority Leader of the House of Representatives, and one member appointed by the Minority Leader of the Senate. One member appointed by the Governor must be the Director of the Governor's Office of Management and Budget, or his or her designee. All members shall serve a 4-year term. A vacancy on the Board shall be filled by the relevant appointing authority for the remainder of the unexpired term.

(c) At least one member appointed by the State Comptroller, at least one member appointed by the State Treasurer, and at least one member appointed by the Governor shall be a licensed or registered Certified Public Accountant or have at least 10 years of experience with Illinois State government. Any member who is not a licensed or registered Certified Public Accountant or does not have at least 10 years of experience with Illinois State government shall have relevant experience in business, government accounting, or finance.

(d) The State Comptroller, or his or her designee, shall serve as the Chairperson of the Board.

(e) The Board shall meet at least 4 times each year and at other times at the call of the chairperson. Meetings of the Board shall be subject to the provisions of the Open Meetings Act.

(f) The members of the Board shall serve without compensation, but may be reimbursed for expenses.

Section 10. Powers. The Board has the power to:

(1) have a corporate seal and to alter that seal at pleasure and use it by causing it or a facsimile to be affixed or impressed or reproduced in any other manner;

(2) use the services of the Office of the State Comptroller, the Office of the State Treasurer, and the Office of the Governor to carry out the Board's purposes, subject to the approval of the respective office;

(3) consult with other states and private or public organizations that have expertise on this subject matter;

(4) research, analyze, and recommend the consolidation of funds;

(5) research, analyze, and recommend changes to make the structure of the State's funds held in the State treasury more efficient;

(6) formulate specific recommendations for legislation based on the report offered to the General Assembly; and

(7) adopt rules as may be necessary to carry out the purpose of this Act, subject to the provisions of the Illinois Administrative Procedure Act.

Section 15. Recommendations from other parties.

(a) The Board shall by rule develop and publicize a procedure that allows a head of a State agency to recommend funds for consideration for consolidation by the Board; and

(b) The Board shall by rule develop and publicize a procedure that allows a head of a professional organization to recommend funds for consideration for consolidation by the Board.

Section 20. Cooperation. All State agencies must render full cooperation to the Board and its members, consistent with and subject to budget constraints of the agencies and all otherwise applicable laws, rules, and contractual obligations, including collective bargaining agreements.

Section 25. Report. The Board shall render a report to the General Assembly not later than January 15, 2016, and no later than January 15th of each year thereafter, that sets forth its findings and recommendations of specific funds that can be consolidated into existing or new funds. The report may also contain any other recommendations of the Board to make the structure of the State's funds held in the State treasury more efficient.

Section 30. Recommendations. The Board shall formulate specific recommendations for legislation based on each report and deliver them to the General Assembly, the State Comptroller, the State Treasurer, and the Governor.

Section 35. Repeal. This Act is repealed on June 30, 2019.

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