Illinois HB5205 amends the State Comptroller Act to allow periodic transfers for imprest accounts.
Illinois HB5205 amends the State Comptroller Act to allow the Comptroller to create rules and regulations for periodic transfers to various state agencies and institutions, subject to the State Treasurer's approval. These transfers are to be used in accordance with the imprest system and must adhere to the Comptroller's rules regarding vouchers, controls, and reports. The bill specifies limits on the amount of funds that can be transferred to each entity, such as $200,000 for each university campus and $200,000 for the Department of Agriculture for State Fair activities.
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.