Section 830.15  Locally Held Funds

a)         Pursuant to 20 ILCS 2405/13(i), Illinois School for the Deaf (ISD), Illinois School for the Visually Impaired (ISVI), and Illinois Center for Rehabilitation and Education - Roosevelt (ICRE-R) shall each maintain accounts of Locally held funds for the purpose of providing benefits, amusement, and special services to the students of each State School.

b)         Locally held funds are non-appropriated monies received by either ISD, ISVI, or ICRE-R from any source including grants, bequests, and gifts.

c)         All Locally held funds shall be established and all activity regarding the funds reported pursuant to Section 33.10 of the Comptroller's Unified Statewide Accounting System (CUSAS).

(Source:  Amended at 23 Ill. Reg. 10220, effective August 10, 1999)