GOVT ACCOUNTING OVERSIGHT BD House SponsorsRep. Tom Cross 1/8/2013HouseSession Sine Die New Act Creates the Government Accounting Oversight and Accountability Board Act. Creates the Government Accounting Oversight and Accountability Board (GAOAB). Provides that the GAOAB shall (1) review the accounting documents of the State of Illinois on a quarterly basis and report to the General Assembly on the transparency of the documents; (2) serve as a third party arbitrator between the Commission on Government Forecasting and Accountability and the Governor's Office of Management and Budget to facilitate the agreement of both parties on all budgetary numbers for agencies, revenue estimates, spending projections, and future liabilities; and (3) serve as an independent board to sign all documents affirming that all numbers transmitted by the State are the most accurate and transparent numbers available. Provides that the GAOAB is composed of 5 members, one appointed by each of the legislative leaders and one appointed by the Executive Ethics Commission. Effective immediately. 4/20/2011HouseFiled with the Clerk by Rep. Tom Cross 4/26/2011HouseFirst Reading 4/26/2011HouseReferred to Rules Committee 1/8/2013HouseSession Sine Die