(105 ILCS 5/1F-10)
(This Section scheduled to be repealed in accordance with 105 ILCS 5/1F-165)
As used in this Article:
"Authority" means a School Finance Authority created under
"Bonds" means bonds authorized to be issued by the Authority under Section
1F-65 of this Code.
"Budget" means the annual budget of the district required under
Section 17-1 of this Code, as in effect from time to time.
"Chairperson" means the Chairperson of the Authority.
"District" means any elementary school district having a population of not
500,000 that prior to December 1, 2002
has had a Financial Oversight Panel established
for the district under Section 1B-4 of this Code following the district's
petitioning of the State Board of Education for the creation of the
Financial Oversight Panel.
"Financial plan" means the financial plan of the district to be
developed pursuant to this Article, as in effect from time to time.
"Fiscal year" means the fiscal year of the district.
"State Board" means the State Board of Education.
"State Superintendent" means the State Superintendent of Education.
"Obligations" means bonds and notes of the Authority.
(Source: P.A. 92-855, eff. 12-6-02