Bill Text: IL HB1872 | 2013-2014 | 98th General Assembly | Amended
Bill Title: Amends the State Comptroller Act. Makes a technical change in a Section concerning the short title.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2014-12-03 - Session Sine Die [HB1872 Detail]
Download: Illinois-2013-HB1872-Amended.html
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1 | AMENDMENT TO HOUSE BILL 1872
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2 | AMENDMENT NO. ______. Amend House Bill 1872 by replacing | ||||||
3 | everything after the enacting clause with the following:
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4 | "Section 5. The State Comptroller Act is amended by | ||||||
5 | changing Section 6.01 as follows:
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6 | (15 ILCS 405/6.01) (from Ch. 15, par. 206.01)
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7 | Sec. 6.01.
Specification and establishment of accounting | ||||||
8 | standards and
principles. The Comptroller shall specify and | ||||||
9 | establish the financial
accounting and reporting standards and | ||||||
10 | principles to be used by all State
government and State | ||||||
11 | agencies. The standards and principles shall be
effective upon | ||||||
12 | filing by the Comptroller with the Auditor General. The
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13 | Comptroller shall maintain and publish the standards and | ||||||
14 | principles as a
public document. These standards and principles | ||||||
15 | shall be known as the
Generally Accepted Accounting Standards | ||||||
16 | and Principles for Illinois State
Government, and shall be |
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1 | compatible with generally accepted accounting standards and | ||||||
2 | principles for government as prescribed by the Governmental | ||||||
3 | Accounting Standards Board (GASB). , whenever possible, be | ||||||
4 | compatible with any similar
nationally existing generally | ||||||
5 | accepted accounting standards and principles
for government.
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6 | In establishing the Generally Accepted Accounting | ||||||
7 | Standards and
Principles for Illinois State Government, the | ||||||
8 | Comptroller shall consult with
the Governor and the other | ||||||
9 | members of the Executive Branch, the Chief
Justice of the | ||||||
10 | Supreme Court, and the leadership of the General Assembly
and | ||||||
11 | shall provide to these officials , and publish on the | ||||||
12 | Comptroller's website, draft copies of any proposed standards
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13 | at least 90 days prior to their adoption and shall consider any | ||||||
14 | responses
or suggestions that these officials may present.
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15 | (Source: P.A. 86-1415.)".
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