TITLE 23: EDUCATION AND CULTURAL RESOURCES
SUBTITLE A: EDUCATION
CHAPTER II: BOARD OF HIGHER EDUCATION
PART 1060
APPROPRIATION TRANSFERS
SECTION 1060.10 PURPOSE
Section 1060.10 Purpose
The State Finance Act requires
that transfers among appropriations made to the University of Illinois,
Southern Illinois University, Chicago State University, Eastern Illinois
University, Governors State University, Illinois State University, Northeastern
Illinois University, Northern Illinois University, Western Illinois University,
the Illinois Mathematics and Science Academy and the Board of Higher Education
require the approval of the Board of Higher Education and the Governor [30
ILCS 105/13.2(d)]. This Part implements the Board's responsibility to
approve such transfers.
(Source: Amended at 31 Ill.
Reg. 12580, effective August 16, 2007)
 | TITLE 23: EDUCATION AND CULTURAL RESOURCES
SUBTITLE A: EDUCATION
CHAPTER II: BOARD OF HIGHER EDUCATION
PART 1060
APPROPRIATION TRANSFERS
SECTION 1060.15 DEFINITIONS
Section
1060.15 Definitions
"Board" means the Board of Higher
Education.
"Governing Board" means the Board of
Trustees of the University of Illinois, the Board of Trustees of Southern
Illinois University, the Board of Trustees of Chicago State University, the
Board of Trustees of Eastern Illinois University, the Board of Trustees of Governors
State University, the Board of Trustees of Illinois State University, the Board
of Trustees of Northeastern Illinois University, the Board of Trustees of Northern
Illinois University, the Board of Trustees of Western Illinois University or
the Board of Trustees of the Illinois Mathematics and Science Academy.
(Source: Added at 31 Ill.
Reg. 12580, effective August 16, 2007)
| TITLE 23: EDUCATION AND CULTURAL RESOURCES
SUBTITLE A: EDUCATION
CHAPTER II: BOARD OF HIGHER EDUCATION
PART 1060
APPROPRIATION TRANSFERS
SECTION 1060.20 CRITERIA FOR APPROVAL
Section 1060.20 Criteria for
Approval
The following criteria will form
the basis for Board approval of transfers among line item appropriations:
a) Sufficient funds must be available to cover the amount of the
transfer.
b) Transfer requests must have governing board approval.
c) A rationale for the transfer must be provided. Transfers will
be approved if the requirements of the State Finance Act [30 ILCS 105/13.2] are
met.
(Source: Amended at 31 Ill.
Reg. 12580, effective August 16, 2007)
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