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IL HB0817
Bill
Status
1/7/2025
Primary Sponsor
Dave Vella
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AI Summary
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Increases the annual transfer limit to the State Treasurer's Capital Fund from $250,000 to $500,000 or the amount appropriated by the General Assembly, whichever is greater
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Authorizes the State Treasurer or Department of Natural Resources to acquire additional real property interests and make improvements and repairs to properties acquired in Springfield for the Treasurer's operations
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Updates the Grant Accountability and Transparency Act terminology to align with current federal standards, replacing "CFDA" with "Assistance listings," "DUNS number" with "Unique Entity Identifier," and updating Code of Federal Regulations citations
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Limits performance reporting frequency for grant recipients to no more than quarterly, unless more frequent reporting is indicated by a corrective action plan or risk assessment
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Requires separate accounts for State grant funds only when advance payments are made to nonprofit organizations, clarifying the requirement does not apply to reimbursement-based payments
Legislative Description
STATE GOVERNMENT-TECH
Last Action
Sent to the Governor
1/22/2025