(105 ILCS 5/4-7)
(from Ch. 122, par. 4-7)
Examination of financial statements.
(a) Examine the financial statements of the county superintendent of
schools required by Section 15-21 and compare them with vouchers.
(b) The county board, or so many thereof as are present at
its meeting, shall be liable individually to the fund injured and to the
sureties of the county superintendent, if judgment is recovered from the
sureties, for all damages occasioned by neglect of the duties, or any of
them, required of the board by this section; but nothing herein shall be
construed to exempt the sureties and they shall remain liable to the fund
injured the same as if the members of the county board were not liable to
them for neglect of their duty. On and after July 1, 1994, the
provisions of this subsection (b) shall have no application in any county
having a population of 2,000,000 or more inhabitants.
(Source: P.A. 87-654; 87-1251.)