SB3117 Enrolled

LRB096 19252 MJR 34643 b





  
1
    AN ACT concerning education.
  
 
2
    Be it enacted by the People of the State of Illinois,
 
3
represented in the General Assembly:
  
 
 
4
    Section 5. The School Code is amended  by changing Section 
5
17-2A as follows:
 



6
    (105 ILCS 5/17-2A)  (from Ch. 122, par. 17-2A)



7
    Sec. 17-2A. Interfund Transfers. The school board of any 
8
district having a population of less than
500,000 inhabitants 
9
may, by proper resolution following a public hearing
set by the 
10
school board or the president of the school board
(that is 
11
preceded (i) by at least one published notice over the name of

12
the clerk
or secretary of the board, occurring at least 7 days 
13
and not more than 30
days
prior to the hearing, in a newspaper 
14
of general circulation within the
school
district and (ii) by 
15
posted notice over the name of the clerk or secretary of
the 
16
board, at least 48 hours before the hearing, at the principal 
17
office of the
school board or at the building where the hearing 
18
is to be held if a principal
office does not exist, with both 
19
notices setting forth the time, date, place,
and subject matter 
20
of the
hearing), transfer money from (1) the Educational Fund 
21
to the Operations
and
Maintenance Fund or the Transportation 
22
Fund, (2) the Operations and
Maintenance Fund to the 
23
Educational Fund or the Transportation Fund, or (3) the

 


 






SB3117 Enrolled
- 2 -
LRB096 19252 MJR 34643 b




1
Transportation Fund to the Educational Fund or the Operations 
2
and Maintenance
Fund of said
district,
provided that, except 
3
during the period from July 1, 2003 through June 30,
2013 2010, 
4
such transfer is made solely for the purpose of meeting 
5
one-time,
non-recurring expenses.  Except during the period 
6
from July 1, 2003 through
June 30, 2013 2010, any other 
7
permanent interfund transfers authorized
by any provision or 
8
judicial interpretation of this Code for which the
transferee 
9
fund is not precisely and specifically set forth in the 
10
provision of
this Code authorizing such transfer shall be made 
11
to the fund of the school
district most in need of the funds 
12
being transferred, as determined by
resolution of the school 
13
board.

14
(Source: P.A. 94-176, eff. 7-12-05; 95-53, eff. 8-10-07.)

 
 
15
    Section 99. Effective date. This Act takes effect upon 
16
becoming law.