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| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB4705 Introduced , by Rep. William Davis SYNOPSIS AS INTRODUCED:
| | 105 ILCS 5/34-74 | from Ch. 122, par. 34-74 |
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Amends the School Code. Makes a technical change in a Section concerning
the Chicago school district.
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| | A BILL FOR |
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| | HB4705 | | LRB100 19038 AXK 34292 b |
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| 1 | | AN ACT concerning education.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The School Code is amended by changing Section |
| 5 | | 34-74 as follows:
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| 6 | | (105 ILCS 5/34-74) (from Ch. 122, par. 34-74)
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| 7 | | Sec. 34-74. Custody of school moneys. Except as provided in |
| 8 | | Article 34A and
and Section 34-29.2 of this
Code, all moneys |
| 9 | | raised by taxation for school purposes, or
received from
the |
| 10 | | state common school fund, or from any other source for school
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| 11 | | purposes, shall be held by the city treasurer, ex-officio, as |
| 12 | | school
treasurer, in separate funds for school purposes, |
| 13 | | subject to the order
of the board upon
(i) its warrants signed |
| 14 | | by its president and secretary and
countersigned by the mayor |
| 15 | | and city comptroller
or (ii) its checks, as
defined in Section |
| 16 | | 3-104 of the Uniform Commercial Code, signed by its
president, |
| 17 | | secretary, and comptroller and countersigned by the mayor and |
| 18 | | city
comptroller. |
| 19 | | (Source: P.A. 94-1105, eff. 6-1-07.)
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