SB1408
View on ILGAGOVT ACCOUNT AUDIT THRESHOLD
What this bill does
Amends the Governmental Account Audit Act. Provides that any governmental unit receiving revenue of less than $1,500,000 (rather than $850,000) for any fiscal year shall, in lieu of causing an annual audit of the accounts of the unit to be made, either (i) cause an audit of the accounts of the unit to be made once every 4 years and file with the Comptroller an annual financial report containing information required by the Comptroller or (ii) file with the Comptroller an annual financial report containing information required by the Comptroller, a copy of which has been provided to each member of that governmental unit's board of elected officials, presented either in person or by a live phone or web connection during a public meeting, and approved by a 3/5 majority vote. Makes conforming changes. Effective immediately.
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Pipeline Progress
Current stage: In Committee · Last action 578 days ago · STAGNANT
How does a bill become law in Illinois?
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Introduction of Bill
A member of the Senate or the House introduces a bill, which is assigned a unique identifying number (e.g., "H.B. ___" for House bills and "S.B. ___" for Senate bills). If not enacted, it must be reintroduced in the next General Assembly with a new number.
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Committee Work — Hearings
The bill goes to the appropriate committee, which holds hearings to gather expert opinions and determine the need for the legislation.
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Committee Work — Markup, Amendments, Report
The committee may make amendments to the bill. If approved, a committee report endorsing the bill is issued.
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Floor Debate
The bill is debated and can be further amended. The debate transcripts are accessible online for public viewing.
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Passage and Consideration in Second Chamber
If the bill passes in the first chamber, it moves to the second chamber for a similar review process. If both chambers approve, it goes to the governor.
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Gubernatorial Action
The governor can sign the bill into law, veto it, or take no action (resulting in an automatic law after 60 days). The type of veto can be total or amendatory. Once signed, the bill becomes a Public Act and is assigned a Public Act number.
Sponsor Context
Campaign finance
This is SBE campaign receipts to the people on this bill, not Moneyball and not earmarked to the bill.
Money is campaign receipts to matched candidate committees, not earmarked to this bill. Window 2025-01-01 – 2026-09-13.
Sponsor and voter funding
| Member | Role | Receipts | Total received | Top donors |
|---|---|---|---|---|
| Patrick J. Joyce | Chief sponsor | 226 | $446,371.45 | D Construction ($20,000.00); Illinois Laborers Legislative Committee ($15,000.00); IL Corn Growers Assn ($12,500.00) |
| Graciela Guzmán | Sponsor | 0 | $0.00 | — |
| Paul Faraci | Sponsor | 176 | $199,285.04 | Illinois Laborers Legislative Committee ($20,000.00); Chicago Land Operators Joint Labor-Management PAC ($10,500.00); Associated Beer Distributors of IL PAC ($8,896.36) |
Overlapping donors
Donors who gave to more than one sponsor or voter on this bill. Still not earmarked to the bill.
| Donor | Members | Total |
|---|---|---|
| Illinois Laborers Legislative Committee | Patrick J. Joyce, Paul Faraci | $35,000.00 |
| IPACE | Patrick J. Joyce, Paul Faraci | $17,500.00 |
| Realtor PAC | Patrick J. Joyce, Paul Faraci | $14,500.00 |
| Carpentry Advancement PAC | Patrick J. Joyce, Paul Faraci | $12,000.00 |
| Downstate Operators Joint Labor-Management PAC | Patrick J. Joyce, Paul Faraci | $10,000.00 |
| Ameren Illinois | Patrick J. Joyce, Paul Faraci | $8,000.00 |
| Illinois Hospital Association PAC | Patrick J. Joyce, Paul Faraci | $6,500.00 |
| AGC of Illinois PAC | Patrick J. Joyce, Paul Faraci | $6,000.00 |
| Fueling Illinois PAC | Patrick J. Joyce, Paul Faraci | $5,500.00 |
| Sports Betting Alliance | Patrick J. Joyce, Paul Faraci | $5,000.00 |
| Illinois State Medical Society PAC | Patrick J. Joyce, Paul Faraci | $4,500.00 |
| Comcast | Patrick J. Joyce, Paul Faraci | $4,000.00 |
| Manufacturers PAC | Patrick J. Joyce, Paul Faraci | $4,000.00 |
| Illinois American Water Company PAC | Patrick J. Joyce, Paul Faraci | $3,500.00 |
| IUOE Local 399 | Patrick J. Joyce, Paul Faraci | $3,500.00 |
| Illinois Soybean Growers PAC | Patrick J. Joyce, Paul Faraci | $3,500.00 |
| John Deere PAC | Patrick J. Joyce, Paul Faraci | $2,500.00 |
| Illinois Action Committee for Rural Electrification | Patrick J. Joyce, Paul Faraci | $2,250.00 |
| Walgreens | Patrick J. Joyce, Paul Faraci | $2,000.00 |
| Caterpillar Inc. PAC | Patrick J. Joyce, Paul Faraci | $2,000.00 |
| Health Care Service Corporation Employees PAC | Patrick J. Joyce, Paul Faraci | $2,000.00 |
| Southern Glazer's Wine and Spirits, LLC | Patrick J. Joyce, Paul Faraci | $1,500.00 |
| Illinois Federation of Teachers COPE | Patrick J. Joyce, Paul Faraci | $1,500.00 |
| Butcher Law Firm, P.C. | Patrick J. Joyce, Paul Faraci | $1,500.00 |
| IOGA PAC | Patrick J. Joyce, Paul Faraci | $1,250.00 |
Top donors across these members
| Donor | Occupation | Employer | Receipts | Total |
|---|---|---|---|---|
| Illinois Laborers Legislative Committee | — | — | 4 | $35,000.00 |
| D Construction | — | — | 2 | $20,000.00 |
| IPACE | — | — | 3 | $17,500.00 |
| Realtor PAC | — | — | 6 | $14,500.00 |
| IL Corn Growers Assn | — | — | 3 | $12,500.00 |
| Carpentry Advancement PAC | — | — | 6 | $12,000.00 |
| Associated Beer Distributors of Illinois PAC | — | — | 3 | $11,000.00 |
| IBEW Illinois PAC | — | — | 2 | $11,000.00 |
| Chicago Land Operators Joint Labor-Management PAC | — | — | 5 | $10,500.00 |
| Comcast Financial Agency Corporation | — | — | 2 | $10,000.00 |
| AFT Local 604 COPE | — | — | 2 | $10,000.00 |
| Mi-Jack Products | — | — | 2 | $10,000.00 |
| Fraternal Order of Police Chicago Lodge No.7 | — | — | 1 | $10,000.00 |
| Downstate Operators Joint Labor-Management PAC | — | — | 2 | $10,000.00 |
| Health Care Council of Illinois Political Action Committee | — | — | 1 | $10,000.00 |
| IBEW Local 176 | — | — | 1 | $10,000.00 |
| North Central IL Laborers' District Council PAC | — | — | 1 | $10,000.00 |
| Allwyn North America Inc | — | — | 3 | $9,000.00 |
| Associated Beer Distributors of IL PAC | — | — | 4 | $8,896.36 |
| CAR of Illinois | — | — | 5 | $8,500.00 |
| Accel Entertainment Gaming, LLC | — | — | 2 | $8,000.00 |
| Ameren Illinois | — | — | 4 | $8,000.00 |
| Illinois Venture Capital Association PAC | — | — | 2 | $7,500.00 |
| Chicago Land Operators Joint Labor Management PAC | — | — | 3 | $7,000.00 |
| J&J Ventures Gaming LLC | — | — | 3 | $7,000.00 |
Hearings
This bill has not been scheduled for a committee hearing.
Action History
5 actions recorded. Last action: 2025-03-11 — Added as Chief Co-SponsorSen. Graciela Guzmán. Each action's meaning and outcome signal are classified automatically.
All actions (table)
| Date | Chamber | Action | Category | Signal |
|---|---|---|---|---|
| 2025-01-31 | Senate | Filed with Secretary bySen. Patrick J. Joyce Rule 2-7(b) | Introduction & Filing | — |
| 2025-01-31 | Senate | First Reading Senate Rule 5-1(d)/5-2; House Rule 37(d)/38 | Introduction & Filing | — |
| 2025-01-31 | Senate | Referred toAssignments Senate Rule 3-8(a); House Rule 18(a) | Committee Assignment | — |
| 2025-03-04 | Senate | Added as Co-SponsorSen. Paul Faraci Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-03-11 | Senate | Added as Chief Co-SponsorSen. Graciela Guzmán Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |