PART 240 PAYROLL : Sections Listing

TITLE 74: PUBLIC FINANCE
CHAPTER II: COMPTROLLER
PART 240 PAYROLL

AUTHORITY: Authorized by Section 21 of the State Comptroller Act (Ill. Rev. Stat., 1979, ch. 15, par. 221) and implementing Section 13 of the State Comptroller Act (Ill. Rev. Stat., 1979, ch. 15, par. 213).

SOURCE: Rules of the Comptroller Adopted Pursuant to the State Comptroller Act, effective December 5, 1974; codified at 5 Ill. Reg. 10604.

 

Section 240.300  Statutory Authority

 

These rules are promulgated to implement the powers of the Comptroller under Section 13 of the State Comptroller Act (Ill. Rev. Stat., 1979, ch. 15, par. 213).

 

Section 240.301  Semi-monthly Pay Period

 

a)         The first half of each semi-monthly pay period shall be from the first of the month to the fifteenth of the month. The second half shall be from the sixteenth of the month to the last working day of the month.

 

b)         For purposes of determining the completion of the period for which compensation is being paid, the last working day of the pay period shall be considered the completion of the period.