90th General Assembly
Summary of HB1305
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House Sponsors:
STROGER.

Short description: 
MUNI CD-FINAN REPORT-PUBLISH                                               

Synopsis of Bill as introduced:
        Amends the Illinois Municipal Code.  Provides that a municipality      
   may publish the information provided in its annual financial report at      
   least once in a newspaper published in the  municipality  rather  than      
   publish  each  account.  Requires the publication to state that a copy      
   of the complete financial  statement  for  the  municipality  and  the      
   independent auditor's report is available for inspection at the office      
   of   the   treasurer  of  the  municipality.  Provides  that   if  the      
   municipality publishes the annual financial report rather than publish      
   each account, then the municipal treasurer shall provide the municipal      
   clerk with the information provided in  the  annual  financial  report      
   rather  than  show  in  the  account  all  moneys  (i) received by the      
   municipality with a general statement concerning  the  source  of  the      
   receipts  and  (ii) paid out by the municipality when the total amount      
   paid during the fiscal year exceeds $2,500 in the  aggregate.  Removes      
   the provision requiring the treasurer to show in the account a summary      
   statement  of  operations  for  all  funds  and  account groups of the      
   municipality.                                                               
          STATE MANDATES FISCAL NOTE                                           
          In the opinion of DCCA, HB 1305 fails to create a State mandate      
          under the State Mandates Act.                                        
          HOME RULE NOTE                                                       
          HB 1305 does not preempt home rule authority.                        
          FISCAL NOTE (DCCA)                                                   
          HB 1305, is permissive in nature and would have a positive           
          fiscal impact on units of local government, as it would bring        
          down their costs.                                                    
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



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