105 ILCS 70/60

(105 ILCS 70/60)

Sec. 60. Financing of the Interstate Commission.

(a) The Interstate Commission on Educational Opportunity for Military Children shall pay or provide for the payment of the
reasonable expenses of its establishment, organization, and ongoing
activities.

(b)  The Interstate Commission may levy and collect an annual
assessment of $1 per student who has a parent who is active duty military personnel.

(c) The Interstate Commission shall not incur obligations of any kind prior
to securing the funds adequate to meet the same; nor shall the
 Interstate Commission pledge the credit of any of the member states,
except by and with the authority of the member state.

(d) The Interstate Commission shall keep accurate accounts of all receipts
and disbursements. The receipts and disbursements of the Interstate
Commission shall be subject to the audit and accounting procedures
established under its bylaws. However, all receipts and disbursements
of funds handled by the Interstate Commission shall be audited yearly
by a certified or licensed public accountant, and the report of the audit
shall be included in and become part of the annual report of the
 Interstate Commission.

(Source: P.A. 96-953, eff. 6-28-10.)