PART 245 ACCOUNTING PRINCIPLES AND PROCEDURES : Sections Listing

TITLE 74: PUBLIC FINANCE
CHAPTER II: COMPTROLLER
PART 245 ACCOUNTING PRINCIPLES AND PROCEDURES

AUTHORITY: Implementing Section 7 and authorized by Section 21 of the State Comptroller Act [15 ILCS 405/7 and 21].

SOURCE: Rules of the Comptroller Adopted Pursuant to the State Comptroller Act, effective December 5, 1974; codified at 5 Ill. Reg. 10605; amended at 36 Ill. Reg. 9758, effective June 20, 2012.

 

Section 245.400  Statutory Authority (Repealed)

 

(Source:  Repealed at 36 Ill. Reg. 9758, effective June 20, 2012)

 

Section 245.401  Comptroller's Accounting Principles

 

Each State agency, as defined in the State Comptroller Act [15 ILCS 405], shall use, implement and comply with the accounting principles and procedures promulgated by the Comptroller when reporting or accounting for any transaction involving public funds. These accounting principles and procedures shall constitute an integral part of the uniform accounting system prescribed by law.

 

(Source:  Amended at 36 Ill. Reg. 9758, effective June 20, 2012)

 

Section 245.402  SAMS Manual

 

a)         The accounting principles and procedures promulgated by the Comptroller are provided to each State agency in the form of a Comptroller's Statewide Accounting Management System (SAMS) Manual.

 

b)        Changes may be made in the SAMS Manual in the same manner as changes may be made to the Comptroller's Rules under Section 7 of the State Comptroller Act.

 

(Source:  Amended at 36 Ill. Reg. 9758, effective June 20, 2012)

 

Section 245.403  Changes (Repealed)

 

(Source:  Repealed at 36 Ill. Reg. 9758, effective June 20, 2012)