SB3249 amends the State Finance Act to transfer specified sums from various funds into the Audit Expense Fund by July 1, 2026.
SB3249 amends the State Finance Act by changing Section 6z-27 to specify that certain funds must be transferred into the Audit Expense Fund within 30 days after July 1, 2026. The bill lists numerous funds and the amounts to be transferred, including the General Revenue Fund, State Lottery Fund, and State Pensions Fund, among others. The Auditor General is directed to notify the Governor's Office of Management and Budget of the estimated costs for audits, studies, and investigations. The bill also allows the Auditor General to bill non-subject entities for audit costs.
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