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Public Act 095-0053
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| Public Act 095-0053 |
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AN ACT concerning education.
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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 School Code is amended by changing Section | ||||
17-2A as follows:
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(105 ILCS 5/17-2A) (from Ch. 122, par. 17-2A)
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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
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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
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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.
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(Source: P.A. 93-393, eff. 7-28-03; 94-176, eff. 7-12-05.)
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Section 99. Effective date. This Act takes effect upon | ||
becoming law.
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