---
type: "Bill"
title: "FINANCE-APPROP FOR EDUCATION"
description: "Amends the State Finance Act. Provides that within 150 (currently, 120) days after the conclusion of each fiscal year, each State-supported institution of higher learning must provide, through the Illinois Board of Higher Education, a financial report to the Governor and General Assembly documenting the institution's revenues and expenditures of funds for that fiscal year ending June 30 for all funds."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "101st"
identifier: "HB 2720"
citation: "Illinois HB 2720 (101st)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 25
vote_count: 2
first_action: "2019-02-14"
last_action: "2019-08-09"
source: "openstates"
source_identifier: "ocd-bill/84102944-8085-4b2e-9d32-be6ee9c544a9"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=2720&GAID=15&DocTypeID=HB&LegId=118954&SessionID=108&GA=101"
source_hash: "92f7b63a95c07143787c9862114f49d62f47e83bf6fa1ca10b66c5977ca016c2"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-il"]
---

# Illinois HB 2720 (101st) — FINANCE-APPROP FOR EDUCATION

Amends the State Finance Act. Provides that within 150 (currently, 120) days after the conclusion of each fiscal year, each State-supported institution of higher learning must provide, through the Illinois Board of Higher Education, a financial report to the Governor and General Assembly documenting the institution's revenues and expenditures of funds for that fiscal year ending June 30 for all funds.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10100HB2720&GA=101&SessionId=108&DocTypeId=HB&LegID=118954&DocNum=2720&GAID=15&SpecSess=&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10100HB2720eng&GA=101&SessionId=108&DocTypeId=HB&LegID=118954&DocNum=2720&GAID=15&SpecSess=&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10100HB2720enr&GA=101&SessionId=108&DocTypeId=HB&LegID=118954&DocNum=2720&GAID=15&SpecSess=&Session=&print=true)

## Votes

- Third Reading — **56–0** (pass) · upper
- Third Reading — **112–0** (pass) · lower

## Sponsors

- Elgie R. Sims, Jr. — primary (person)
- Katie Stuart — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2019-02-14** Filed with the Clerk by Rep. Katie Stuart `filing`
- **2019-02-14** First Reading `reading-1`
- **2019-02-14** Referred to Rules Committee `referral-committee`
- **2019-02-26** Assigned to Higher Education Committee `referral-committee`
- **2019-03-06** Do Pass / Short Debate Higher Education Committee; 019-000-000 `committee-passage`
- **2019-03-07** Placed on Calendar 2nd Reading - Short Debate
- **2019-03-19** Second Reading - Short Debate `reading-2`
- **2019-03-19** Placed on Calendar Order of 3rd Reading - Short Debate
- **2019-03-27** Third Reading - Short Debate - Passed 112-000-000 `reading-3, passage`
- **2019-03-27** Arrive in Senate `introduction`
- **2019-03-27** Placed on Calendar Order of First Reading March 28, 2019 `reading-1`
- **2019-04-09** Chief Senate Sponsor Sen. Elgie R. Sims, Jr.
- **2019-04-09** First Reading `reading-1`
- **2019-04-09** Referred to Assignments `referral-committee`
- **2019-04-24** Assigned to Higher Education `referral-committee`
- **2019-05-02** Do Pass Higher Education; 013-000-000 `committee-passage`
- **2019-05-02** Placed on Calendar Order of 2nd Reading May 7, 2019
- **2019-05-16** Second Reading `reading-2`
- **2019-05-16** Placed on Calendar Order of 3rd Reading May 17, 2019
- **2019-05-21** Third Reading - Passed; 056-000-000 `reading-3, passage`
- **2019-05-21** Passed Both Houses
- **2019-06-19** Sent to the Governor `executive-receipt`
- **2019-08-09** Governor Approved `executive-signature`
- **2019-08-09** Effective Date January 1, 2020
- **2019-08-09** Public Act . . . . . . . . . 101-0267 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/84102944-8085-4b2e-9d32-be6ee9c544a9`. Confidence: reported (aggregated from official Illinois legislature records).