HB 5801 amends the State Finance Act to require the transfer of specific funds from various state accounts into the Budget Reserve for Immediate Disbursements and Governmental Emergencies Fund. This bill directly affects multiple state funds, including those for open space lands, medical cannabis, law enforcement, and wildlife conservation, by mandating that the State Comptroller and Treasurer move designated amounts from each into the reserve. The legislation sets a deadline of July 31, 2025, for completing these transfers, which range from small sums like $43,000 to larger amounts like $15 million. By repealing previous rules that required transfers to the reserve from certain funds, this act establishes a new, comprehensive list of sources for the budget reserve.
Amends the Governmental Account Audit Act. Provides that, beginning in fiscal year 2027, any governmental unit receiving revenue of less than $1,500,000 (rather than $850,000) in the immediately preceding fiscal year shall, in lieu of causing an annual audit of the accounts of the unit to be made, either (i) cause an audit of the accounts of the unit to be made once every 4 years and file with the Comptroller an annual financial report containing information required by the Comptroller or (ii) file with the Comptroller an annual financial report containing information required by the Comptroller, a copy of which has been provided to each member of that governmental unit's board of elected officials, presented either in person or by a live phone or web connection during a public meeting, and approved by a 3/5 majority vote. Provides that, beginning in fiscal year 2028, governmental units receiving revenue of $1,500,000 or more (rather than $850,000) in the immediately preceding fiscal year shall, in addition to complying with the requirements for audits and audit reports, file with the Comptroller the financial report and immediately make one copy of the audit report and one copy of the financial report a part of its public record as required by the Act. Makes conforming changes. Effective immediately.
HB 2943 removes salary increases established by Public Act 102-1115 from Illinois' Salaries Act and General Assembly Compensation Act. It reverts executive branch salaries (including the Governor's $205,700 minimum and other officials' set amounts) and legislator pay (from $85,000 for the 103rd General Assembly to $28,000) back to amounts set by the Compensation Review Board. This directly affects all statewide elected officials (Governor, Lieutenant Governor, Secretary of State, Comptroller, Treasurer, Attorney General) and Illinois General Assembly members. The bill cancels the higher pay rates that took effect January 9, 2023.
