96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB5515


 
Introduced 2/9/2010, by Rep. Jay C. Hoffman
 
SYNOPSIS AS INTRODUCED:
 		





 








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








     Amends the School Code. In provisions concerning interfund transfers, includes transfers from the school district's life/safety fund to the Operations and Maintenance Fund, up to the $0.05 levy for local property taxes, for  building repair work. 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, 2010 to June 30, 2013. Effective immediately.
  















LRB096 20135 MJR 35672 b

















 


 


A BILL FOR









 




  






HB5515

LRB096 20135 MJR 35672 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

 


 






HB5515
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LRB096 20135 MJR 35672 b




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Transportation Fund to the Educational Fund or the Operations 
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and Maintenance
Fund, or (4) from the school district's 
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life/safety fund to the Operations and Maintenance Fund, up to 
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the $0.05 levy for local property taxes, for  building repair 
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work of said
district,
provided that, except during the period 
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from July 1, 2003 through June 30,
2013 2010, such transfer is 
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made solely for the purpose of meeting one-time,
non-recurring 
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expenses.  Except during the period from July 1, 2003 through

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June 30, 2013 2010, any other permanent interfund transfers 
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authorized
by any provision or judicial interpretation of this 
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Code for which the
transferee fund is not precisely and 
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specifically set forth in the provision of
this Code 
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authorizing such transfer shall be made to the fund of the 
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school
district most in need of the funds being transferred, as 
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determined by
resolution of the school board.

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(Source: P.A. 94-176, eff. 7-12-05; 95-53, eff. 8-10-07.)

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