Illinois HB4054 revises the State Budget Law to mandate quarterly financial reports and budget statements from the Governor to the General Assembly.
HB4054 amends the State Budget Law of the Civil Administrative Code of Illinois. It requires the Governor to submit quarterly financial reports on operating funds and budget statements on all appropriated funds to the General Assembly and State Comptroller. These reports must include a calculation of the actual total budget surplus or deficit for the fiscal year to date. The Governor must also present periodic budget addresses throughout the fiscal year at the invitation of the General Assembly.
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