95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB0357


 
Introduced 1/26/2007, by Rep. Linda Chapa LaVia
 
SYNOPSIS AS INTRODUCED:
 		














105 ILCS 5/17-2A
  from Ch. 122, par. 17-2A







    Amends the School Code. Extends the time period during which a school district other than the Chicago school district may transfer moneys from specified funds for any purpose from June 30, 2007 to June 30, 2010. Effective immediately.

















LRB095 03758 NHT 23787 b

















 


 


A BILL FOR









 











HB0357

LRB095 03758 NHT 23787 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

 


 






HB0357
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LRB095 03758 NHT 23787 b




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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,
2010
2007, 
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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, 2010
2007, 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 
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provision of
this Code authorizing such transfer shall be made 
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to the fund of the school
district most in need of the funds 
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being transferred, as determined by
resolution of the school 
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board.

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(Source: P.A. 93-393, eff. 7-28-03; 94-176, eff. 7-12-05.)

 

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    Section 99. Effective date. This Act takes effect upon 
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becoming law.