[ Home ] [ ILCS ] [ Search ] [ Bottom ]
[ Other General Assemblies ]
Public Act 91-0151
SB549 Enrolled LRB9103400NTsb
AN ACT to amend the School Code by changing Section
34-74.
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 34-74 as follows:
(105 ILCS 5/34-74) (from Ch. 122, par. 34-74)
Sec. 34-74. Custody of school moneys. Except as provided
in Articles 34A and 34B, and Section 34-29.2 of this Code
Article, all moneys raised by taxation for school purposes,
or received from the state common school fund, or from any
other source for school purposes, shall be held by the city
treasurer, ex-officio, as school treasurer, in separate funds
for school purposes, subject to the order of the board upon
(i) its warrants signed by its president and secretary and
countersigned by the mayor and city comptroller or (ii) its
checks, as defined in Section 3-104 of the Uniform Commercial
Code, signed by its president, secretary, and comptroller and
countersigned by the mayor and city comptroller.
(Source: P.A. 81-1221.)
[ Top ]