(105 ILCS 5/1F-130)
(This Section scheduled to be repealed in accordance with 105 ILCS 5/1F-165)
(a) The Authority, upon taking office and annually thereafter,
shall prepare and submit to the Governor, General Assembly, and State
Superintendent a report that includes the audited financial
statement for the preceding fiscal year, an approved
financial plan, and a statement of the major steps necessary to accomplish
the objectives of the financial plan.
(b) Annual reports shall be submitted on or before March 1 of
(c) The requirement for reporting to the General Assembly shall be
satisfied by filing copies of the report as provided in Section 3.1 of the
General Assembly Organization Act and by filing additional copies with the
State Government Report Distribution Center for the General Assembly as
required under subdivision (t) of Section 7 of the State Library Act.
(Source: P.A. 92-855, eff. 12-6-02