Illinois HB 2433: SCH-EDUCATION PRIORITIZATION

Status: Referred to Rules Committee (as of 2023-02-15)

State: Illinois · Session: 103rd · Bill: HB 2433

Sponsors: Camille Y. Lilly

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 Full Text of HB2433

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HB2433 EngrossedLRB104 10331 HLH 20405 b

1 AN ACT concerning finance.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The State Finance Act is amended by changing 

5Section 13.3 as follows:

6 (30 ILCS 105/13.3) (from Ch. 127, par. 149.3)

7 Sec. 13.3. Petty cash funds; purchasing cards. 

8 (a) Any State agency may establish and maintain petty cash 

9funds for the purpose of making change, purchasing items of 

10small cost, payment of postage due, and for other nominal 

11expenditures which cannot be administered economically and 

12efficiently through customary procurement practices.

13 Petty cash funds may be established and maintained from 

14moneys which are appropriated to the agency for Contractual 

15Services. In the case of an agency which receives a single 

16appropriation for its ordinary and contingent expenses, the 

17agency may establish a petty cash fund from the appropriated 

18funds.

19 Before the establishment of any petty cash fund, the 

20agency shall submit to the State Comptroller a survey of the 

21need for the fund. The survey shall also establish that 

22sufficient internal accounting controls exist. The Comptroller 

23shall investigate such need and if he determines that it 

HB2433 Engrossed- 2 -LRB104 10331 HLH 20405 b

1exists and that adequate accounting controls exist, shall 

2approve the establishment of the fund. The Comptroller shall 

3have the power to revoke any approval previously made under 

4this Section.

5 Petty cash funds established under this Section shall be 

6operated and maintained on the imprest system and no fund 

7shall exceed $1,

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