State of Illinois
91st General Assembly
Legislation

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[ Engrossed ][ House Amendment 001 ]

91_HB1878

 
                                               LRB9104505NTsb

 1        AN  ACT  to  amend  the  School  Code by changing Section
 2    34B-12.

 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 34B-12 as follows:

 7        (105 ILCS 5/34B-12) (from Ch. 122, par. 34B-12)
 8        Sec. 34B-12.  Excess moneys.  Any monies deposited in the
 9    Debt Service Fund in excess of the amount necessary to pay in
10    full the principal of and interest on the Notes shall be paid
11    by the Trustee to the City for payment to the Board  for  use
12    by the Board for the lawful purposes of the Board.
13    (Source: P.A. 81-1222.)

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