HB1704 amends the State Finance Act to direct transfers of specific funds into the Audit Expense Fund.
HB1704 amends the State Finance Act by specifying the transfer of certain funds into the Audit Expense Fund. The bill lists numerous funds and the amounts to be transferred from each, including the General Revenue Fund, State Pensions Fund, and various other state-specific funds. The transfers are intended to cover the costs of audits, studies, and investigations as authorized by the Illinois State Auditing Act. The bill takes effect immediately upon becoming law.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.