[ Search ] [ Legislation ] [ Bill Summary ]
[ Home ] [ Back ] [ Bottom ]
90_SB1703
605 ILCS 10/23 from Ch. 121, par. 100-23
Amends the Toll Highway Act. Requires the Illinois State
Toll Highway Authority's Board to establish an Audit
Committee to review audit reports and other reports and
oversee implementation of any changes necessitated by the
conditions or findings noted in those reports. Adds other
requirements relating to audits of the Authority.
LRB9011189WHmg
LRB9011189WHmg
1 AN ACT to amend the Toll Highway Act by changing Section
2 23.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Toll Highway Act is amended by changing
6 Section 23 as follows:
7 (605 ILCS 10/23) (from Ch. 121, par. 100-23)
8 Sec. 23. (a) The Authority shall file with the
9 Governor, the Clerk of the House of Representatives, the
10 Secretary of the Senate, and the Illinois Economic and Fiscal
11 Commission, on or prior to March 15th of each year, a written
12 statement and report covering its activities for the
13 preceding calendar year.
14 (b) The Authority shall prepare an annual capital plan
15 which identifies capital projects by location and details the
16 project costs in correct dollar amounts. The Authority
17 shall also prepare and file a ten-year capital plan that
18 includes a listing of all capital improvement projects
19 contemplated during the ensuing ten-year period. The first
20 ten-year capital plan shall be filed in 1991 and thereafter
21 on the anniversary of each ten-year period.
22 (c) It shall also be the duty of the Auditor General of
23 the State of Illinois, annually to audit or cause to be
24 audited the books and records of the Authority and to file a
25 certified copy of the report of such audit with the Governor
26 and with the Legislative Audit Commission, which audit
27 reports, when so filed, shall be open to the public for
28 inspection. The cost of the audit shall be charged to the
29 Authority in accordance with Section 6z-27 of the State
30 Finance Act. The Authority shall make available to the
31 Auditor General its books and records and any other
-2- LRB9011189WHmg
1 documentation, whether in the possession of its trustees or
2 other parties, necessary to conduct the audit required by
3 this subsection (c).
4 (d) The Authority's internal auditor appointed pursuant
5 to the Fiscal Control and Internal Auditing Act shall report
6 to the Board of Directors of the Authority in accordance with
7 the provisions of Section 2002 of the Fiscal Control and
8 Internal Auditing Act.
9 (e) The Board of Directors of the Authority shall
10 establish an audit committee that shall meet at least
11 quarterly to review external audit reports prepared by the
12 Auditor General of the State of Illinois, internal audit
13 reports, and any other financial reports and documents and
14 oversee implementation of any changes necessitated by the
15 conditions or findings noted in those reports and documents.
16 The audit committee shall report on its activities to the
17 Board of Directors of the Authority at least once every 6
18 months, and the Board of Directors of the Authority shall
19 take whatever action is deemed necessary to implement the
20 changes recommended by the audit committee.
21 (Source: P.A. 86-1164.)