(105 ILCS 5/34-50) (from Ch. 122, par. 34-50)
Sec. 34-50.
Transfers between appropriations - Delay.
The board may,
at any time by a two-thirds vote of all the members authorize the making
of transfers within any fund under its jurisdiction, of sums of money
appropriated for one object or purpose to another object or purpose,
which action shall be entered in its proceedings; provided that during
the first half of each fiscal year such transfers shall not exceed 10%
of any such fund, but no appropriation for any purpose shall be reduced
below an amount sufficient to cover all obligations incurred or to be
incurred against the appropriation for such purpose.
(Source: P.A. 81-1221.)
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