Bill Title: Amends the Governmental Account Audit Act. Modifies the audit procedures for governmental units under the Act for the governmental units fiscal years 2027 and after, including: (1) modifying the definitions of "audit report" and "report", and adds a definition for "annual financial report"; (2) requiring the governing body of each governmental unit to conduct an audit every 2 years (rather than annually) of the accounts of the unit to be made by an auditor or auditors, and modifying the requirements of the audits; (3) allowing an exception for a governmental unit receiving revenue of less than $1,400,000 for any fiscal year, with the amount to increase or decrease by a percentage equal to the Consumer Price Index-U as reported on January 1 of each year, to provide a 4-year audit report and annual financial report or annual financial report under specified requirements (rather than a governmental unit receiving revenue of less than $850,000 for any fiscal year providing a 4-year audit report and annual financial report or annual financial report under specified requirements); and (4) modifying the requirements for signing, copying, and filing completed reports. Amends the Township Code to make conforming changes. Effective immediately.

Sponsorship: Bipartisan Bill

Status: (Engrossed) 2025-04-30 - Added as Alternate Co-Sponsor Sen. Rachel Ventura [HB1911 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Engrossed	2025-03-18	HTML/Text	Link	View
Introduced	2025-01-29	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB1911

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB1911 currently on file.