IL SB3449

Amends the State Finance Act to require state agencies to report unused or unclaimed federal funds to the Governor's Office of Management and Budget every 2 years, beginning November 30, 2018.

State agencies must report federal funds received but not expended during the previous 2 complete fiscal years.

State agencies must identify federal grant programs they were eligible for but did not apply to participate in, including the potential funding amounts and reasons for non-application.

State agencies must report federal grant programs requiring matching state funds that they were eligible for but did not expend matching funds for, including potential federal funding amounts available.

The Governor's Office of Management and Budget must compile and publicly release all agency reports on its website by December 31 of each even-numbered year.