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HB0676 Enrolled |
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LRB094 06604 NHT 36696 b |
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| AN ACT concerning education.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The School Code is amended by changing Section |
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| 17-2A as follows:
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| (105 ILCS 5/17-2A) (from Ch. 122, par. 17-2A)
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| Sec. 17-2A. Interfund Transfers. The school board of any |
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| district having a population of less than
500,000 inhabitants |
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| may, by proper resolution following a public hearing
set by the |
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| school board or the president of the school board
(that is |
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| preceded (i) by at least one published notice over the name of
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| the clerk
or secretary of the board, occurring at least 7 days |
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| and not more than 30
days
prior to the hearing, in a newspaper |
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| of general circulation within the
school
district and (ii) by |
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| posted notice over the name of the clerk or secretary of
the |
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| board, at least 48 hours before the hearing, at the principal |
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| office of the
school board or at the building where the hearing |
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| is to be held if a principal
office does not exist, with both |
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| notices setting forth the time, date, place,
and subject matter |
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| of the
hearing), transfer money from (1) the Educational Fund |
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| to the Operations
and
Maintenance Fund or the Transportation |
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| Fund, (2) the Operations and
Maintenance Fund to the |
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| Educational Fund or the Transportation Fund, or (3) the
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| Transportation Fund to the Educational Fund or the Operations |
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| and Maintenance
Fund of said
district,
provided that, except |
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| during the period from July 1, 2003 through June 30,
2007
2005, |
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| such transfer is made solely for the purpose of meeting |
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| one-time,
non-recurring expenses. Except during the period |
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| from July 1, 2003 through
June 30, 2007
2005, any other |
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| permanent interfund transfers authorized
by any provision or |
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| judicial interpretation of this Code for which the
transferee |
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| fund is not precisely and specifically set forth in the |