State of Illinois
91st General Assembly
Legislation

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[ Introduced ][ Enrolled ][ Senate Amendment 001 ]

91_SB0549eng

 
SB549 Engrossed                                LRB9103400NTsb

 1        AN ACT to amend  the  School  Code  by  changing  Section
 2    34-74.

 3        Be  it  enacted  by  the People of the State of Illinois,
 4    represented in the General Assembly:

 5        Section 5.   The  School  Code  is  amended  by  changing
 6    Section 34-74 as follows:

 7        (105 ILCS 5/34-74) (from Ch. 122, par. 34-74)
 8        Sec.  34-74. Custody of school moneys. Except as provided
 9    in Articles 34A and 34B, and Section  34-29.2  of  this  Code
10    Article,  all  moneys raised by taxation for school purposes,
11    or received from the state common school fund,  or  from  any
12    other  source  for school purposes, shall be held by the city
13    treasurer, ex-officio, as school treasurer, in separate funds
14    for school purposes, subject to the order of the  board  upon
15    (i)  its  warrants  signed by its president and secretary and
16    countersigned by the mayor and city comptroller or  (ii)  its
17    checks, as defined in Section 3-104 of the Uniform Commercial
18    Code, signed by its president, secretary, and comptroller and
19    countersigned by the mayor and city comptroller.
20    (Source: P.A. 81-1221.)

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