Bill Text: IL SB0090 | 2025-2026 | 104th General Assembly | Engrossed

NOTE: There are more recent revisions of this legislation. Read Latest Draft

---

Bill Title: Amends the State Comptroller Act. Provides that, whenever any person shall be entitled to a warrant or other payment from the treasury or other funds held by the State Treasurer, on any account, against whom there shall be any then due and payable account or claim in favor of a public agency or association organized under an intergovernmental agreement in accordance with the provisions of the Intergovernmental Cooperation Act, including an intergovernmental risk management association or self-insurance pool, the Comptroller shall ascertain the amount due and payable to the public agency or association organized under an intergovernmental agreement and draw a warrant on the treasury or on other funds held by the State Treasurer. Provides that a request for a deduction by a public agency or association organized under an intergovernmental agreement in accordance with the provisions of the Intergovernmental Cooperation Act shall be accompanied by a written agreement between the 2 parties or a court order to that effect. Effective July 1, 2026.

Sponsorship: Partisan Bill (Democrat 7)

Status: (Passed) 2025-12-12 - Public Act . . . . . . . . . 104-0450 [SB0090 Detail]

Download: Illinois-2025-SB0090-Engrossed.html

---

SB0090 Engrossed LRB104 06245 SPS 16280 b
AN ACT concerning State government.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The State Treasurer Act is amended by changing
Section 10 as follows:
(15 ILCS 505/10) (from Ch. 130, par. 10)
Sec. 10. Direct deposit of State payments. The Treasurer
shall not pay out of the treasury any money, except upon the
warrant of the State Comptroller, provided that warrants shall
not be required where payments are made by the Comptroller:
(1) to providers of community-based mental health
services; ,
(2) to persons receiving benefit payments under the
State pension systems; ,
(3) to individuals receiving assistance under Article
III of the Illinois Public Aid Code; , or
(4) to a public agency as defined in the Public Funds
Investment Act; or ,
(5) by direct deposit or by the electronic direct
deposit or transfer of funds.
These payments, however, shall only be made upon the
approval of the Treasurer, in the form and method provided by
the rules or regulations adopted under Section 9.03 of the

SB0090 Engrossed - 2 - LRB104 06245 SPS 16280 b
State Comptroller Act.
(Source: P.A. 87-132; 87-653; 87-685; 87-751; 87-895; 88-643,
eff. 1-1-95.)
Section 10. The Accountability for the Investment of
Public Funds Act is amended by changing Section 10 as follows:
(30 ILCS 237/10)
Sec. 10. Online information concerning investment of
public funds. Each State agency shall make available on the
Internet, and update at least monthly, no later than the end of
each month by the 15th of the month, sufficient information
concerning the investment of any public funds held by that
State agency to identify the following:
(1) the amount of funds held by that agency on the last
day of the preceding month or the average daily balance
for the preceding month;
(2) the total monthly investment income and yield for
all funds invested by that agency;
(3) the asset allocation of the investments made by
that agency; and
(4) a complete listing of all approved depository
institutions, commercial paper issuers, and broker-dealers
approved to do business with that agency.
(Source: P.A. 93-499, eff. 1-1-04.)
Section 99. Effective date. This Act takes effect upon

SB0090 Engrossed - 3 - LRB104 06245 SPS 16280 b
becoming law.