State of Illinois
92nd General Assembly
Legislation

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92_SB0899ham001

 










                                             LRB9207695NTsbam

 1                    AMENDMENT TO SENATE BILL 899

 2        AMENDMENT NO.     .  Amend Senate Bill  899  on  page  1,
 3    line 5, by replacing "Section" with "Sections 17-2A and"; and

 4    on  page  1,  immediately  below  line  5,  by  inserting the
 5    following:

 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
 9    inhabitants,  may,  by  proper  resolution following a public
10    hearing (that is preceded by at least  one  published  notice
11    occurring at least 7 days prior to the hearing in a newspaper
12    of general circulation within the school district and setting
13    forth  the  time,  date,  place,  and  subject  matter of the
14    hearing), transfer money from (1) the Educational Fund to the
15    Operations and Maintenance Fund or the  Transportation  Fund,
16    (2)  the  Operations  and Maintenance Fund to the Educational
17    Fund or the Transportation Fund, or  (3)  the  Transportation
18    Fund   to   the   Educational  Fund  or  the  Operations  and
19    Maintenance Fund of said district, subject to the limitations
20    of the Property Tax Extension Limitation Law,  if  applicable
21    an  amount  of  money  not  to exceed 20% of the tax actually
22    received in the Fund for the year previous to  the  transfer,
 
                            -2-              LRB9207695NTsbam
 1    provided  such  transfer  is  made  solely for the purpose of
 2    meeting one-time, non-recurring expenses.
 3    (Source: P.A. 89-3, eff. 2-27-95.)".

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