093_HB3623

 
                                     LRB093 11098 BDD 11840 b

 1        AN ACT concerning the Illinois Rural Bond Bank.

 2        Be it enacted by the People of  the  State  of  Illinois,
 3    represented in the General Assembly:

 4        Section  5.  The  Rural  Bond  Bank  Act  is  amended  by
 5    changing Section 3-2 as follows:

 6        (30 ILCS 360/3-2) (from Ch. 17, par. 7203-2)
 7        Sec.  3-2. Annual report. Within 90 days after the end of
 8    each State fiscal year, the Bank must shall  make  an  annual
 9    report of its activities for the preceding fiscal year to the
10    Governor  and  the  General  Assembly.  This report shall set
11    forth a complete operating and financial  statement  covering
12    its operations during the year.  The Bank shall have an audit
13    of  its books and accounts made at least once in each year by
14    certified public accountants.  The cost of the audit shall be
15    considered an expense of the Bank.  A copy of the audit shall
16    be filed with the Auditor General.
17    (Source: P.A. 86-927.)