Illinois HB4549 mandates transfers of specified funds into the Audit Expense Fund for fiscal year 2026.
HB4549 amends the State Finance Act to require the transfer of specific sums from various state funds into the Audit Expense Fund within 30 days after July 1, 2026. The bill lists numerous funds, including the Illinois State Fair Fund, Illinois Veterans' Rehabilitation Fund, and State Lottery Fund, among others, from which certain amounts will be transferred. The transfers are intended to cover the costs of audits, studies, and investigations as mandated by the Illinois State Auditing Act. The bill takes effect immediately upon becoming law.
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