(110 ILCS 805/3-20.2) (from Ch. 122, par. 103-20.2)
Sec. 3-20.2.
Whenever the voters of a community college district have
voted in favor of an increase in the annual tax rate for educational or
operation and maintenance of facilities purposes or both at an election
held after the adoption of the annual community college budget for any
fiscal year, the board may adopt or pass during that fiscal year an
additional or supplemental budget under the sole authority of this Section
by a vote of a majority of the full membership of the board, any other
provision of this Article to the contrary notwithstanding, in and by which
such additional or supplemental budget the board shall appropriate such
additional sums of money as it may find necessary to defray expenses and
liabilities of that district to be incurred for educational or operation
and maintenance of facilities purposes or both of the district during that
fiscal year, but not in excess of the additional funds estimated to be
available by virtue of such voted increase in the annual tax rate for
educational or operation and maintenance of facilities purposes
or both. Such additional or supplemental budget shall be regarded as an
amendment of the annual community college budget for the fiscal year in
which it is adopted, and the board may levy the additional tax for
educational or operation and maintenance of facilities purposes or both to
equal the amount of the additional sums of money appropriated in that
additional or supplemental budget, immediately.
(Source: P.A. 85-1335.)
|