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HB 3649 - Requires State Agencies to Report Debt - Illinois Key Vote

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Title: Requires Monthly Reports on State Debt

Vote Smart's Synopsis:

Vote to pass a bill that requires state agencies to make monthly reports to the State Comptroller regarding state debt.

Highlights:

 

  • Requires each state agency to monthly provide a report to the State Comptroller containing the following information (Sec. 5):

    • Current state liabilities held at the agency;

    • Whether funds have been appropriated for such liabilities; and

    • An estimate of the interest penalties accrued under the State Prompt Payment Act.

Full Bill Text

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