Bill Title: Amends the Illinois Municipal Auditing Law of the Illinois Municipal Code. Provides that audit reports reporting on the financial position and results of financial operations for each fund of the municipality shall be consistent with either the accrual or cash basis of accounting depending upon the system followed by each municipality and shall otherwise be in accordance with generally accepted accounting principles (currently, shall be in accordance with generally accepted accounting principles, insofar as possible).

Spectrum: Slight Partisan Bill (Republican 5-2)

Status: (Failed) 2019-01-09 - Session Sine Die [SB2258 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator Dale Righter [R]	Primary	Sponsored Bills	SD-055	FollowTheMoney	Ballotpedia	VoteSmart
Senator Jason Barickman [R]	Cosponsor	Sponsored Bills	SD-053	FollowTheMoney	Ballotpedia	VoteSmart
Senator Chapin Rose [R]	Cosponsor	Sponsored Bills	SD-051	FollowTheMoney	Ballotpedia	VoteSmart
Senator Chuck Weaver [R]	Cosponsor	Sponsored Bills	SD-037	FollowTheMoney	Ballotpedia	VoteSmart
Senator Andy Manar [D]	Cosponsor	Sponsored Bills	SD-048	FollowTheMoney	Ballotpedia	VoteSmart
Senator Pamela Althoff [R]	Cosponsor	Sponsored Bills	SD-032	FollowTheMoney	Ballotpedia	VoteSmart
Senator Steven Landek [D]	Cosponsor	Sponsored Bills	SD-012	FollowTheMoney	Ballotpedia	VoteSmart

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