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The article presents notice of adopted amendments from the Department of Central Management Services regarding "Joint Rules of the Comptroller and the Department Of Central Management Services: Prompt Payment" as per 74 Ill. Adm. Code 900. Topics include statutory authorization under the State Promp Payment Act, definition of late payment as well as Proper Bill designation requirements. Also mentioned are supplies formal contract as well as Professional and Artistic Services limits.

The article provides proposed legislative amendments for the Comptroller's Office in Illinois. It mentions projected changes on accounting principles and procedures as well as requirements for filing contracts. It also notes that the said corrections update both citations and the uniform accounting system used by state agencies in reporting transactions which involves public funds.

The article provides proposed rules for the Comptroller's Office in Illinois. It mentions the State Comptroller Minority Contractor Opportunity Initiative along with administrative fees and filing of contracts. It also notes that the rules enforce accounting procedures which are essential for the administration of the said initiative.

The article presents the October 2010 issue of the "Illinois Register," which provides updates on Illinois Office of the Comptroller. It presents the Office's notice of emergency amendment on public finance. In addition, it also presents the joint rules of the comptroller and the Department of Central Management Services promt payment.

The author reflects on the Illinois Funeral Director's Association's (IFDA) master trust, valued at almost $300 million. He mentions that even IFDA president Geoffrey Hurd of Hurd-Hendricks FHs & Crematory was confused with the comptroller's voiding of the association's master trust license in September 2007. He points out that the IFDA may have encountered financial problems by electing officers that were too young or too healthy to have a positive bottomline impact on the trust.

Illinois will take competitive bids on $550 million of new money general obligation bonds next week as the state barrels toward its second fiscal year without a budget. [ABSTRACT FROM AUTHOR]

The partisan political in Illinois further deepened Wednesday as the Democratic House Speaker prepared to call a spending plan slammed by Republicans as phony and $7 billion out of whack. [ABSTRACT FROM AUTHOR]