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| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
SB0650 Introduced 2/8/2011, by Sen. John J. Cullerton SYNOPSIS AS INTRODUCED:
| | 105 ILCS 5/20-1 | from Ch. 122, par. 20-1 |
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Amends the School Code. Makes a technical change in a Section concerning
working cash funds.
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| | A BILL FOR |
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| | SB0650 | | LRB097 04387 NHT 44426 b |
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| 1 | | AN ACT concerning education.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The School Code is amended by changing Section |
| 5 | | 20-1 as follows:
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| 6 | | (105 ILCS 5/20-1) (from Ch. 122, par. 20-1)
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| 7 | | Sec. 20-1. Authority to create working cash fund. In each |
| 8 | | school district,
whether organized under general law or special |
| 9 | | charter, having a population
of less than 500,000 inhabitants, |
| 10 | | a fund to be known as a "Working Cash
Fund" may be created and
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| 11 | | and maintained consistent with the limitations of this Article, |
| 12 | | for the purpose of enabling the district to have in its
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| 13 | | treasury at all time sufficient money to meet demands thereon |
| 14 | | for expenditures for corporate purposes. |
| 15 | | (Source: P.A. 96-1277, eff. 7-26-10.)
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