Illinois HB2746 amends the State Comptroller Act to allow certain payments to be made without fiscal year limitations.
Illinois HB2746 amends the State Comptroller Act to allow payments for outstanding liabilities, medical assistance, and other services to be made from expired appropriations. It specifies that payments can be made from appropriations that have expired during a 4-month period after the fiscal year end. The bill also outlines procedures for prompt payment, interest penalties for late payments, and reporting requirements for state agencies. It affects state agencies, contractors, subcontractors, and material suppliers by setting rules for payment timelines, interest penalties, and reporting.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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