TITLE 23: EDUCATION AND CULTURAL RESOURCES
SUBTITLE A: EDUCATION
CHAPTER II: BOARD OF HIGHER EDUCATION
PART 1060 APPROPRIATION TRANSFERS
SECTION 1060.20 CRITERIA FOR APPROVAL
Section 1060.20 Criteria for Approval
The following criteria will form the basis for Board approval of transfers among line item appropriations:
a) Sufficient funds must be available to cover the amount of the transfer.
b) Transfer requests must have governing board approval.
c) A rationale for the transfer must be provided. Transfers will be approved if the requirements of the State Finance Act [30 ILCS 105/13.2] are met.
(Source: Amended at 31 Ill. Reg. 12580, effective August 16, 2007)