Illinois General Assembly - Bill Status for HB6330

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Bill Status of HB6330 99th General Assembly

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Short Description: MUNI FINANCIAL DISTRESS ALERT

House Sponsors
Rep. La Shawn K. Ford

Last Action

Date	Chamber	Action
1/10/2017	House	Session Sine Die

Statutes Amended In Order of Appearance

New Act

Synopsis As Introduced
Creates the Municipal Financial Distress Alert System Act. Requires the State Comptroller to establish an index system to identify municipalities that are in or approaching financial distress. Provides that the Comptroller shall use the index system to indicate municipalities that have failed to submit annual audits or financial reports to the Comptroller as required by law. Requires the Comptroller to annually review audits and financial reports obtained under the Governmental Account Audit Act and publish a report identifying municipalities that are in or approaching financial distress. Defines terms.

Actions

Date	Chamber	Action
2/11/2016	House	Filed with the Clerk by Rep. La Shawn K. Ford
2/11/2016	House	First Reading
2/11/2016	House	Referred to Rules Committee
1/10/2017	House	Session Sine Die

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