State of Illinois
92nd General Assembly

   [ Search ]   [ PDF text ]   [ Legislation ]   
[ Home ]   [ Back ]   [ Bottom ]

[ House Amendment 001 ]



 1        AN ACT concerning local government.

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

 4        Section 5.  The Governmental Account Audit Act is amended
 5    by changing Section 9 as follows:

 6        (50 ILCS 310/9) (from Ch. 85, par. 709)
 7        Sec. 9. The expenses of the audit  and  investigation  of
 8    public  accounts provided for by this Act, whether ordered by
 9    the governing body or the Comptroller, shall be paid  by  the
10    governmental  unit for which the audit is made. Payment shall
11    be ordered by the governing body out of the funds of the unit
12    and  such  authorities  shall  make  provision  for  payment.
13    Contracts for the performance of audits required by this  Act
14    may be entered into without competitive bidding. If the audit
15    is  made  by  a  licensed  public  accountant retained by the
16    Comptroller,  the  governmental  unit  shall   pay   to   the
17    Comptroller actual compensation and expenses to reimburse him
18    for the cost of making such audit.
19        The governing body of any governmental unit having taxing
20    powers  may  levy  an auditing tax in an amount that will not
21    require extension of such tax at a rate that will  produce  a
22    sum  that  will  be  sufficient to pay the costs of the audit
23    expenses required by this Act in excess of .005% of the value
24    of all taxable property in the unit as equalized or  assessed
25    by  the  Department  of  Revenue. This auditing tax may be in
26    excess of or in addition to any statutory limitation of  rate
27    or amount. Money received from the auditing tax shall be held
28    in  a  special fund and used only for the payment of auditing
29    expenses.
30    (Source: P.A. 81-1509.)
                            -2-               LRB9212491BDdvA
 1        Section 99.  Effective date.  This Act takes effect  upon
 2    becoming law.

[ Top ]