Public Act 1201 96TH GENERAL ASSEMBLY
|
Public Act 096-1201
|
| SB3117 Enrolled | LRB096 19252 MJR 34643 b |
|
|
AN ACT concerning education.
|
Be it enacted by the People of the State of Illinois,
|
represented in the General Assembly:
|
Section 5. The School Code is amended by changing Section |
17-2A as follows:
|
(105 ILCS 5/17-2A) (from Ch. 122, par. 17-2A)
|
Sec. 17-2A. Interfund Transfers. The school board of any |
district having a population of less than
500,000 inhabitants |
may, by proper resolution following a public hearing
set by the |
school board or the president of the school board
(that is |
preceded (i) by at least one published notice over the name of
|
the clerk
or secretary of the board, occurring at least 7 days |
and not more than 30
days
prior to the hearing, in a newspaper |
of general circulation within the
school
district and (ii) by |
posted notice over the name of the clerk or secretary of
the |
board, at least 48 hours before the hearing, at the principal |
office of the
school board or at the building where the hearing |
is to be held if a principal
office does not exist, with both |
notices setting forth the time, date, place,
and subject matter |
of the
hearing), transfer money from (1) the Educational Fund |
to the Operations
and
Maintenance Fund or the Transportation |
Fund, (2) the Operations and
Maintenance Fund to the |
Educational Fund or the Transportation Fund, or (3) the
|
|
Transportation Fund to the Educational Fund or the Operations |
and Maintenance
Fund of said
district,
provided that, except |
during the period from July 1, 2003 through June 30,
2013 2010, |
such transfer is made solely for the purpose of meeting |
one-time,
non-recurring expenses. Except during the period |
from July 1, 2003 through
June 30, 2013 2010, any other |
permanent interfund transfers authorized
by any provision or |
judicial interpretation of this Code for which the
transferee |
fund is not precisely and specifically set forth in the |
provision of
this Code authorizing such transfer shall be made |
to the fund of the school
district most in need of the funds |
being transferred, as determined by
resolution of the school |
board.
|
(Source: P.A. 94-176, eff. 7-12-05; 95-53, eff. 8-10-07.)
|
Section 99. Effective date. This Act takes effect upon |
becoming law.
|
Translate