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Amends the Governmental Account Audit Act. Provides that any governmental unit receiving revenue of less than $1,500,000 (rather than $850,000) for any fiscal year shall, in lieu of causing an annual audit of the accounts of the unit to be made, either (i) cause an audit of the accounts of the unit to be made once every 4 years and file with the Comptroller an annual financial report containing information required by the Comptroller or (ii) file with the Comptroller an annual financial report containing information required by the Comptroller, a copy of which has been provided to each member of that governmental unit's board of elected officials, presented either in person or by a live phone or web connection during a public meeting, and approved by a 3/5 majority vote. Makes conforming changes. Effective immediately.
Introduced
Feb 4, 2025
Last Action
Mar 12, 2026
Session
IL 104th
Sponsors
1 primary · 1 co
Placed on Calendar 2nd Reading - Short Debate
Approved for Consideration Rules Committee; 005-000-000
House Floor Amendment No. 3 Rules Refers to Executive Committee
House Floor Amendment No. 2 Rules Refers to Executive Committee
House Floor Amendment No. 1 Rules Refers to Executive Committee
Rule 19(a) / Re-referred to Rules Committee
House Floor Amendment No. 2 Rule 19(c) / Re-referred to Rules Committee
House Floor Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
House Floor Amendment No. 2 Recommends Be Adopted Executive Committee; 008-004-000
House Floor Amendment No. 3 Filed with Clerk by Rep. Natalie A. Manley
House Floor Amendment No. 3 Referred to Rules Committee
House Floor Amendment No. 2 Rules Refers to Executive Committee
House Floor Amendment No. 2 Filed with Clerk by Rep. Natalie A. Manley
House Floor Amendment No. 2 Referred to Rules Committee
House Floor Amendment No. 1 Recommends Be Adopted Executive Committee; 011-000-000
Held on Calendar Order of Second Reading - Short Debate
Second Reading - Short Debate
House Floor Amendment No. 1 Rules Refers to Executive Committee
House Floor Amendment No. 1 Referred to Rules Committee
House Floor Amendment No. 1 Filed with Clerk by Rep. Natalie A. Manley
Added Co-Sponsor Rep. Matt Hanson
Do Pass / Short Debate Executive Committee; 012-000-000
Placed on Calendar 2nd Reading - Short Debate
Assigned to Executive Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Natalie A. Manley
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Placed on Calendar 2nd Reading - Short Debate
Natalie A. Manley