30 ILCS 708/65

(30 ILCS 708/65)

Sec. 65. Audit requirements.

(a) The standards set forth in Subpart F of 2 CFR Part 200 and any other standards that apply directly to State or federal agencies shall apply to audits of fiscal years beginning on or after December 26, 2014.

(b) Books and records must be available for review or audit by appropriate officials of the pass-through entity, and the agency, the Auditor General, the Inspector General, appropriate officials of the agency, and the federal Government Accountability Office.

(c) The Governor's Office of Management and Budget, with the advice and technical assistance of the Illinois Single Audit Commission, shall adopt rules that are reasonably consistent with 2 CFR Part 200 for audits of grants from a State or federal pass-through entity that are not subject to the Single Audit Act because (1) the amount of federal awards expended during the entity's fiscal year is less than the applicable amount specified in 2 CFR Part 200, Subpart F or (2) the subrecipient is an exempt entity as specified in 2 CFR Part 200, Subpart F.

(d) This Act does not affect the provisions of the Illinois State Auditing Act and does not address the external audit function of the Auditor General.

(Source: P.A. 103-1068, eff. 3-21-25.)