IL SB0765

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 two years by November 30 of even-numbered years.

State agencies must report for the previous two complete fiscal years: (1) the amount of federal funds received but not expended, (2) eligible federal grant programs they did not apply for including potential funding amounts and reasons for non-application, and (3) matching federal grant programs they were eligible for but did not pursue due to lack of matching state funds.

The Governor's Office of Management and Budget must compile all agency reports by December 31 of even-numbered years and publish them on the office's website.

Defines "State agency" according to the Illinois State Auditing Act and establishes the purpose of ensuring agencies receive full available federal funding and manage activities to maximize federal funding eligibility.