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LGDF Prompt Payment Bill Signed into Law

August 27, 2014 | Legislative briefs

HB 961 was signed into law by Governor Pat Quinn on August 26 as P.A. 98-1052. HB 961 requires that the State Comptroller transfer state-shared income tax revenue to the Local Government Distributive Fund (LGDF) within 60 days after receiving vouchers from the State Treasurer. This means that cities and counties can expect to receive their LGDF distributions more promptly because the state is prohibited from falling more than 60 days behind. In recent years, the state has fallen several months behind in distributing this revenue to cities and counties.

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