State of Illinois
90th General Assembly

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      50 ILCS 20/10             from Ch. 85, par. 1040
          Amends the Public Building Commission Act.  Provides that
      a commission shall file with the Comptroller the annual audit
      of its books, records, and accounts within 6 months after the
      close of the fiscal year.  Provides that the Comptroller  may
      extend the filing deadline or may audit the commission if the
      audit report is late.
 1        AN  ACT  to  amend  the Public Building Commission Act by
 2    changing Section 10.
 3        Be it enacted by the People of  the  State  of  Illinois,
 4    represented in the General Assembly:
 5        Section 5.  The Public Building Commission Act is amended
 6    by changing Section 10 as follows:
 7        (50 ILCS 20/10) (from Ch. 85, par. 1040)
 8        Sec. 10. Records.
 9        (a)  A  public  building commission shall provide for the
10    proper safekeeping of its records, subject to the  provisions
11    of  "the  Local  Records  Act", enacted by the Seventy-second
12    General Assembly, and  shall  keep  a  minute  book  for  the
13    recording   of   the   corporate   action  of  the  Board  of
14    Commissioners.  A  complete  record  of  the   meetings   and
15    proceedings  of  the  Board of Commissioners shall be kept in
16    such minute book and such minutes  shall  be  signed  by  the
17    Secretary  of  the public building commission. The commission
18    shall keep a true and accurate account of  its  receipts  and
19    disbursements,  and  an  annual  audit  shall  be made of its
20    books, records, and  accounts.  All  officers  and  employees
21    authorized  to  receive  or retain the custody of money or to
22    sign vouchers, checks, warrants, or evidences of indebtedness
23    on behalf of the commission, shall furnish  surety  bond  for
24    the  faithful  performance  of  their duties and the faithful
25    accounting of all monies that may come into their  hands,  in
26    an  amount  to  be  fixed and in a form to be approved by the
27    Board of Commissioners.
28        (b)  The annual audit of a public  building  commission's
29    books,  records,  and accounts shall be filed with the Office
30    of the State Comptroller within 6 months after the  close  of
31    the  commission's  fiscal  year.   In  the event the required
                            -2-                LRB9009357PTmb
 1    audit report for a building commission is not filed with  the
 2    Comptroller  within  6  months  after the close of the fiscal
 3    year, the Comptroller shall notify the building commission in
 4    writing that the audit report is due and may  also  grant  an
 5    extension  of  time  of  60  days for the filing of the audit
 6    report. In the event the required audit report is  not  filed
 7    within   the  time  specified  in  the  written  notice,  the
 8    Comptroller shall cause the audit to  be  made  by  certified
 9    accountants,  and the building commission shall reimburse the
10    Comptroller for the cost of the audit.
11    (Source: Laws 1961, p. 3487.)

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