Bill Title: Amends the Counties Code. In a Section concerning the deposit of public funds, requires a co-signer, in addition to the treasurer, on all municipal accounts. Requires the county board to review certain books of account on a semi-annual basis. Amends the Illinois Municipal Code. Provides that the corporate authorities shall inspect the treasurer's books and accounts on a semi-annual basis. Removes a provision that requires the books and accounts to be subject to inspection at any time by a member of the corporate authorities. In a Section concerning treasurer's reports, requires the corporate authorities to review certain account statements on a monthly basis. Further provides that in addition to the treasurer, a co-signer shall be required on all municipal accounts. Provides that the treasurer shall report to the corporate authorities on a semi-annual basis (now, as often as they require) a full and detailed account of all receipts and expenditures of the municipality. Requires the municipal clerk to provide the corporate authorities with a copy of any annual account. Makes other changes. Effective immediately.

Spectrum: Partisan Bill (Republican 3-0)

Status: (Failed) 2014-12-03 - Session Sine Die [HB1562 Detail]

Text: Latest bill text (Amended) [HTML]

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Sponsors

Name	Type	Contact	Phone	District	Sponsorship	State Profile	Financial	Encyclopedia	Biography
Representative Tom Demmer [R]	Primary	Inactive	Inactive	HD-090	Sponsored Bills	Inactive	FollowTheMoney	Ballotpedia	VoteSmart
Representative Donald Moffitt [R]	Cosponsor	Inactive	Inactive	HD-074	Sponsored Bills	Inactive	FollowTheMoney	Ballotpedia	VoteSmart
Senator Tim Bivins [R]	Primary	Inactive	Inactive	SD-045	Sponsored Bills	Inactive	FollowTheMoney	Ballotpedia	VoteSmart

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