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Public Act 099-0691
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| SB2155 Enrolled | LRB099 12974 SXM 36979 b |
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AN ACT concerning finance.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Public Community College Act is amended by |
changing Section 2-15 as follows:
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(110 ILCS 805/2-15) (from Ch. 122, par. 102-15)
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Sec. 2-15. Recognition. The State Board shall grant |
recognition to
community colleges which
maintain equipment, |
courses of study, standards of scholarship and other
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requirements set by the State Board. Application for |
recognition shall be
made to the State Board. The State Board |
shall set the criteria by which
the community colleges shall be |
judged and through the executive officer of
the State Board |
shall arrange for an official evaluation of the community
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colleges and shall grant recognition of such community colleges |
as may meet
the required standards.
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Recognition shall include a review of compliance with |
Public Act 99-482 and other applicable State and federal laws |
regarding employment contracts and compensation. Annually, the |
State Board shall convene an advisory committee to review the |
findings and make recommendations for changes or additions to |
the laws or the review procedures. |
If a community college district fails to meet the |
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recognition standards
set by the State Board, and if the |
district, in accordance with: (a) Government
Auditing |
Standards issued by the
Comptroller General of the United |
States, (b) auditing standards established by
the American |
Institute of Certified Public Accountants, or (c) other |
applicable
State and federal standards, is found by the |
district's auditor or the State
Board working in cooperation |
with the district's auditor to have material
deficiencies in |
the
design or operation of financial control structures that
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could adversely affect the district's financial integrity and |
stability, or is
found to have misused State or federal funds |
and jeopardized
its participation in State or federal programs, |
the State Board may,
notwithstanding any laws to the contrary, |
implement one or more of the
following emergency powers:
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(1) To direct the district to develop and implement a plan |
that addresses
the budgetary, programmatic, and other relevant |
factors contributing to the
need to implement emergency |
measures. The State Board shall assist in the
development and |
shall have final approval of the plan.
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(2) To direct the district to contract for educational |
services in
accordance with Section 3-40. The State Board shall |
assist in the development
and shall have final approval of any |
such contractual agreements.
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(3) To approve and require revisions of the district's |
budget.
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(4) To appoint a Financial Administrator to exercise |
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oversight and control
over the district's budget. The Financial |
Administrator shall serve at the
pleasure of the State Board |
and may be an individual, partnership, corporation,
including |
an accounting firm, or other entity determined by the State |
Board to
be qualified to serve, and shall be entitled to |
compensation. Such
compensation shall be provided through |
specific appropriations made to the
State Board for that |
express purpose.
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(5) To develop and implement a plan providing for the |
dissolution or
reorganization of the district if in the |
judgment judgement of the State Board the
circumstances so |
require.
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(Source: P.A. 89-147, eff. 7-14-95.)
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