Springfield, IL-(ENEWSPF)- The Illinois Debt Transparency Act became law January 1, 2018, despite Gov. Rauner vetoing the bill after it passed the full legislature. The Illinois House unanimously voted, 112-0, to override the governors veto on October 25. On that date, Rep. Al Riley (D-38th) signed on as a co-sponsor of the legislation.
What does the bill do?
"House Bill 3649 requires, on a monthly basis, each state agency to report to the Comptroller the amount of bills being held, the liabilities for which there are appropriations, and those liabilities subject to late payment interest penalties . . .