HB0765sam001 93rd General Assembly



                                     LRB093 05394 NHT 17159 a

 1                     AMENDMENT TO HOUSE BILL 765

 2        AMENDMENT NO.     .  Amend House Bill  765  by  replacing
 3    everything after the enacting clause with the following:

 4        "Section  5.  The  School  Code  is  amended  by changing
 5    Section 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
10    the  school  board or the president of the school board (that
11    is preceded (i) by at least one  published  notice  over  the
12    name  of  the  clerk  or secretary of the board, occurring at
13    least 7 days and not more than 30 days prior to the  hearing,
14    in  a  newspaper  of  general  circulation  within the school
15    district and (ii) by posted notice over the name of the clerk
16    or secretary of the board,  at  least  48  hours  before  the
17    hearing,  at  the  principal office of the school board or at
18    the building where the hearing is to be held if  a  principal
19    office  does  not  exist, with both notices setting forth the
20    time, date,  place,  and  subject  matter  of  the  hearing),
21    transfer   money   from  (1)  the  Educational  Fund  to  the
22    Operations and Maintenance Fund or the  Transportation  Fund,
                            -2-      LRB093 05394 NHT 17159 a
 1    (2)  the  Operations  and Maintenance Fund to the Educational
 2    Fund or the Transportation Fund, or  (3)  the  Transportation
 3    Fund   to   the   Educational  Fund  or  the  Operations  and
 4    Maintenance Fund of  said  district,  provided  that,  except
 5    during  the  period  from July 1, 2003 through June 30, 2005,
 6    such transfer is made  solely  for  the  purpose  of  meeting
 7    one-time,  non-recurring  expenses.  Except during the period
 8    from July 1, 2003 through June 30, 2005, any other  permanent
 9    interfund  transfers  authorized by any provision or judicial
10    interpretation of this Code for which the transferee fund  is
11    not  precisely and specifically set forth in the provision of
12    this Code authorizing such transfer shall be made to the fund
13    of the school district  most  in  need  of  the  funds  being
14    transferred, as determined by resolution of the school board.
15    (Source: P.A. 92-127, eff. 1-1-02; 92-722, eff. 7-25-02.)

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