Public Act 099-0691
 
SB2155 EnrolledLRB099 12974 SXM 36979 b

    AN ACT concerning finance.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Public Community College Act is amended by
changing Section 2-15 as follows:
 
    (110 ILCS 805/2-15)  (from Ch. 122, par. 102-15)
    Sec. 2-15. Recognition. The State Board shall grant
recognition to community colleges which maintain equipment,
courses of study, standards of scholarship and other
requirements set by the State Board. Application for
recognition shall be made to the State Board. The State Board
shall set the criteria by which the community colleges shall be
judged and through the executive officer of the State Board
shall arrange for an official evaluation of the community
colleges and shall grant recognition of such community colleges
as may meet the required standards.
    Recognition shall include a review of compliance with
Public Act 99-482 and other applicable State and federal laws
regarding employment contracts and compensation. Annually, the
State Board shall convene an advisory committee to review the
findings and make recommendations for changes or additions to
the laws or the review procedures.
    If a community college district fails to meet the
recognition standards set by the State Board, and if the
district, in accordance with: (a) Government Auditing
Standards issued by the Comptroller General of the United
States, (b) auditing standards established by the American
Institute of Certified Public Accountants, or (c) other
applicable State and federal standards, is found by the
district's auditor or the State Board working in cooperation
with the district's auditor to have material deficiencies in
the design or operation of financial control structures that
could adversely affect the district's financial integrity and
stability, or is found to have misused State or federal funds
and jeopardized its participation in State or federal programs,
the State Board may, notwithstanding any laws to the contrary,
implement one or more of the following emergency powers:
    (1) To direct the district to develop and implement a plan
that addresses the budgetary, programmatic, and other relevant
factors contributing to the need to implement emergency
measures. The State Board shall assist in the development and
shall have final approval of the plan.
    (2) To direct the district to contract for educational
services in accordance with Section 3-40. The State Board shall
assist in the development and shall have final approval of any
such contractual agreements.
    (3) To approve and require revisions of the district's
budget.
    (4) To appoint a Financial Administrator to exercise
oversight and control over the district's budget. The Financial
Administrator shall serve at the pleasure of the State Board
and may be an individual, partnership, corporation, including
an accounting firm, or other entity determined by the State
Board to be qualified to serve, and shall be entitled to
compensation. Such compensation shall be provided through
specific appropriations made to the State Board for that
express purpose.
    (5) To develop and implement a plan providing for the
dissolution or reorganization of the district if in the
judgment judgement of the State Board the circumstances so
require.
(Source: P.A. 89-147, eff. 7-14-95.)