Bill Status of HB 5212   96th General Assembly

Short Description:  TRUTH IN ACCOUNTING ACT

House Sponsors
Rep. Michael W. Tryon-Jack D. Franks-Patricia R. Bellock-Michael G. Connelly-Jim Durkin, Roger L. Eddy, Richard P. Myers, David Reis, Jim Watson, Robert W. Pritchard, Sandy Cole, Kay Hatcher, Darlene J. Senger, William B. Black, David R. Leitch, Tom Cross, Elizabeth Coulson, Karen May and Sandra M. Pihos

Last Action  View All Actions

DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
15 ILCS 405/6.01from Ch. 15, par. 206.01
15 ILCS 405/20from Ch. 15, par. 220
25 ILCS 155/4from Ch. 63, par. 344

Synopsis As Introduced
Creates the Truth in Accounting Act of 2010 and amends the State Comptroller Act and the Commission on Government Forecasting and Accountability Act. Prohibits the General Assembly from passing appropriation bills until it adopts a joint resolution reflecting for that fiscal year the State's estimated income, balance sheet, cash flow, and surplus or deficit. Requires the Commission's annual March estimates to include the State's estimated income, balance sheet, cash flow, and surplus or deficit, based on full accrual accounting standards developed by the Governmental Accounting Standards Board. Requires electronic publication of appropriation bills and amendments before legislative committee consideration or General Assembly passage. Provides that the State's financial accounting and reporting standards shall comply with full accrual accounting standards developed by the Governmental Accounting Standards Board. Requires the Comptroller to publish a Consolidated Annual Financial Report based on full accrual accounting principles. Effective immediately.

Actions 
DateChamber Action
  2/3/2010HouseFiled with the Clerk by Rep. Michael W. Tryon
  2/3/2010HouseFirst Reading
  2/3/2010HouseReferred to Rules Committee
  2/4/2010HouseAdded Chief Co-Sponsor Rep. Jack D. Franks
  2/4/2010HouseAdded Chief Co-Sponsor Rep. Patricia R. Bellock
  2/4/2010HouseAdded Chief Co-Sponsor Rep. Michael G. Connelly
  2/18/2010HouseAdded Chief Co-Sponsor Rep. Jim Durkin
  2/19/2010HouseAdded Co-Sponsor Rep. Roger L. Eddy
  2/23/2010HouseAdded Co-Sponsor Rep. Richard P. Myers
  2/23/2010HouseAdded Co-Sponsor Rep. David Reis
  3/4/2010HouseAdded Co-Sponsor Rep. Jim Watson
  3/9/2010HouseAdded Co-Sponsor Rep. Robert W. Pritchard
  3/11/2010HouseAdded Co-Sponsor Rep. Sandy Cole
  3/12/2010HouseAdded Co-Sponsor Rep. Kay Hatcher
  3/12/2010HouseAdded Co-Sponsor Rep. Darlene J. Senger
  3/16/2010HouseMotion Filed to Discharge Rules Committee Rep. Michael W. Tryon
  3/16/2010HouseObjects to Motion Rep. Lou Lang
  3/16/2010HouseChair Rules Motion Lost
  3/16/2010HouseMotion Discharge Committee Lost
  3/16/2010HouseAppeal Ruling of Chair Rep. Michael W. Tryon
  3/16/2010HouseShall the Chair be Sustained
  3/16/2010HouseMotion to Sustain the Chair - Prevailed 068-044-000
  4/19/2010HouseAdded Co-Sponsor Rep. William B. Black
  4/23/2010HouseAdded Co-Sponsor Rep. David R. Leitch
  4/27/2010HouseAdded Co-Sponsor Rep. Tom Cross
  4/29/2010HouseAdded Co-Sponsor Rep. Elizabeth Coulson
  5/4/2010HouseAdded Co-Sponsor Rep. Karen May
  5/25/2010HouseMotion Filed to Discharge Rules Committee Rep. William B. Black
  5/25/2010HouseObjects to Motion Rep. Barbara Flynn Currie
  5/25/2010HouseChair Rules Motion Lost
  5/25/2010HouseMotion Discharge Committee Lost
  5/25/2010HouseAppeal Ruling of Chair Rep. William B. Black
  5/25/2010HouseShall the Chair be Sustained
  5/25/2010HouseMotion to Sustain the Chair - Prevailed 068-048-000
  6/3/2010HouseAdded Co-Sponsor Rep. Sandra M. Pihos
  1/11/2011HouseSession Sine Die

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