Bill > SB1614

This bill amends the State Finance Act to expand the Secretary of State's ability to maintain a petty cash fund at Motor Vehicle Facilities. Specifically, the bill allows the Secretary of State to have a petty cash fund exceeding $1,000 at any Motor Vehicle Facility, solely for the purpose of making change. Previously, the law had limited petty cash funds to specific Motor Vehicle Facilities and capped the amount at $2,000. The bill removes the previous restrictions on specific facility locations and eliminates the previous dollar amount limit. The petty cash fund can be retained on the premises of the facility, which means the cash does not need to be kept in a bank account. The bill is part of the broader regulations governing how state agencies manage small cash funds for minor transactions and making change. The legislation will take effect immediately upon becoming law.

Budget and Finance, Government Affairs

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1614&GAID=18&DocTypeID=SB&SessionID=114&GA=104