AN ACT IMPLEMENTING A RECOMMENDATION OF THE AUDITORS OF PUBLIC ACCOUNTS REGARDING NONLAPSING ACCOUNTS.

SB 1527 implements a recommendation from the state Auditors of Public Accounts regarding nonlapsing accounts - funds that carry over year-to-year without expiring. The bill requires state agencies to follow new management rules for these accounts to improve fiscal oversight and transparency. It directly affects all state departments handling nonlapsing funds, such as those for ongoing programs or capital projects. The bill became law as Public Act 25-110 after the governor signed it on June 24, 2025.