Full Text of SB1405 99th General Assembly
SB1405eng 99TH GENERAL ASSEMBLY |
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| 1 | | AN ACT concerning State government.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 1. Short title. This Act may be cited as the State | 5 | | Funds Consolidation Act. | 6 | | Section 5. State Funds Consolidation Board; creation. | 7 | | (a) There is created the State Funds Consolidation Board.
| 8 | | The Board shall review and analyze the current structure of the | 9 | | State's funds held in the State treasury. The Board shall also | 10 | | review the Auditor General's finding in the Management Audit of | 11 | | the State's Financial Reporting System conducted pursuant to | 12 | | Senate Resolution 609 of the 96th General Assembly, dated | 13 | | February 2011, regarding the excessive number of State funds | 14 | | held by the State of Illinois. The Board shall review specific | 15 | | funds to determine if it would be beneficial to the State to | 16 | | consolidate certain funds into existing or new funds. The Board | 17 | | shall report any recommendations to the General Assembly on an | 18 | | annual basis pursuant to Section 25 of this Act.
| 19 | | (b) The Board shall consist of: (i) 2 members appointed by | 20 | | the State
Comptroller, 2 members appointed by the State | 21 | | Treasurer, and 2 members appointed by the Governor, all with | 22 | | the advice and consent of the Senate, and (ii) one member | 23 | | appointed by the Speaker of the House of Representatives, one |
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| 1 | | member appointed by the President of the Senate, one member | 2 | | appointed by the Minority Leader of the House of | 3 | | Representatives, and one member appointed by the Minority | 4 | | Leader of the Senate. One member appointed by the Governor must | 5 | | be the Director of the Governor's Office of Management and | 6 | | Budget, or his or her designee. All members shall serve a | 7 | | 4-year term. A vacancy on the Board shall be filled by the | 8 | | relevant appointing authority for the remainder of the | 9 | | unexpired term. | 10 | | (c) At least one member appointed by the State Comptroller, | 11 | | at least one member appointed by the State Treasurer, and at | 12 | | least one member appointed by the Governor shall be a licensed | 13 | | or registered Certified Public Accountant or have at least 10 | 14 | | years of experience with Illinois State government. Any member | 15 | | who is not a licensed or registered Certified Public Accountant | 16 | | or does not have at least 10 years of experience with Illinois | 17 | | State government shall have relevant experience in business, | 18 | | government accounting, or finance. | 19 | | (d) The State Comptroller, or his or her designee, shall | 20 | | serve as the Chairperson of the Board. | 21 | | (e) The Board shall meet at least 4 times each year and at | 22 | | other times at the call of the chairperson. Meetings of the
| 23 | | Board shall be subject to the provisions of the Open Meetings
| 24 | | Act. | 25 | | (f) The members of the Board shall serve without | 26 | | compensation, 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 | 23 | | procedure that allows a head of a State agency to recommend | 24 | | funds for consideration for consolidation by the Board; and |
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| 1 | | (b) The Board shall by rule develop and publicize a | 2 | | procedure that allows a head of a professional organization to | 3 | | recommend funds for consideration for consolidation by the | 4 | | Board. | 5 | | Section 20. Cooperation. All State agencies must render | 6 | | full cooperation to the Board and its members, consistent with | 7 | | and subject to budget constraints of the agencies and all | 8 | | otherwise applicable laws, rules, and contractual obligations, | 9 | | including collective bargaining agreements. | 10 | | Section 25. Report. The Board shall render a report to the | 11 | | General Assembly not later than January 15, 2016, and no later | 12 | | than January 15th of each year thereafter, that sets forth its | 13 | | findings and recommendations of specific funds that can be | 14 | | consolidated into existing or new funds. The report may also | 15 | | contain any other recommendations of the Board to make the | 16 | | structure of the State's funds held in the State treasury more | 17 | | efficient. | 18 | | Section 30. Recommendations. The Board shall formulate | 19 | | specific recommendations for legislation based on each report | 20 | | and deliver them to the General Assembly, the State | 21 | | Comptroller, 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 | 2 | | becoming law.
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