Date	Chamber	Action
1/31/2025	Senate	Referred to Assignments

Statutes Amended In Order of Appearance

50 ILCS 310/1

from Ch. 85, par. 701

50 ILCS 310/3

from Ch. 85, par. 703

50 ILCS 310/6

from Ch. 85, par. 706

Synopsis As Introduced
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.

Actions 

Date	Chamber	Action
1/31/2025	Senate	Filed with Secretary by Sen. Patrick J. Joyce
1/31/2025	Senate	First Reading
1/31/2025	Senate	Referred to Assignments
3/4/2025	Senate	Added as Co-Sponsor Sen. Paul Faraci
3/11/2025	Senate	Added as Chief Co-Sponsor Sen. Graciela Guzmán

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