Public Act 095-0053
 		





HB0357 Enrolled
LRB095 03758 NHT 23787 b






    AN ACT concerning education.

 
    Be it enacted by the People of the State of Illinois,
 
represented in the General Assembly:


 
    Section 5. The School Code is amended  by changing Section 
17-2A as follows:
 



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



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

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

Transportation Fund to the Educational Fund or the Operations 
and Maintenance
Fund of said
district,
provided that, except 
during the period from July 1, 2003 through June 30,
2010
2007, 
such transfer is made solely for the purpose of meeting 
one-time,
non-recurring expenses.  Except during the period 
from July 1, 2003 through
June 30, 2010
2007, any other 
permanent interfund transfers authorized
by any provision or 
judicial interpretation of this Code for which the
transferee 
fund is not precisely and specifically set forth in the 
provision of
this Code authorizing such transfer shall be made 
to the fund of the school
district most in need of the funds 
being transferred, as determined by
resolution of the school 
board.

(Source: P.A. 93-393, eff. 7-28-03; 94-176, eff. 7-12-05.)

 

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






Effective Date:  8/10/2007