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| | HB3985 Engrossed | | LRB097 16488 PJG 61656 b |
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| 1 | | AN ACT concerning finance.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The State Finance Act is amended by adding |
| 5 | | Section 9.08 as follows:
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| 6 | | (30 ILCS 105/9.08 new) |
| 7 | | Sec. 9.08. Vouchers; submission; posting. |
| 8 | | (a) Within 25 business days after a State agency receives a |
| 9 | | vendor's bill or invoice for goods or services payable from the |
| 10 | | General Revenue Fund, or as soon thereafter as practical, the |
| 11 | | State agency must either (i) submit a voucher to the |
| 12 | | Comptroller for payment of the bill or invoice or (ii) return |
| 13 | | the bill or invoice to the vendor to correct specified errors |
| 14 | | or inaccuracies in the bill or invoice. |
| 15 | | (b) Within 5 business days after the Comptroller receives |
| 16 | | an error-free voucher for payment of a vendor's bill or invoice |
| 17 | | for goods or services from a State agency, the Comptroller must |
| 18 | | approve or deny the voucher. If the voucher is approved, the |
| 19 | | Comptroller shall immediately post the transaction to the |
| 20 | | Statewide Accounting Management System. Within 2 business days |
| 21 | | after approval of a voucher, the Comptroller shall post the |
| 22 | | payment transaction or the accounts payable transaction in |
| 23 | | aggregate for vouchers payable from the General Revenue Fund on |