|
| | 09900SB2155ham001 | - 2 - | LRB099 12974 MLM 48330 a |
|
|
1 | | Recognition shall include a review of compliance with |
2 | | Public Act 99-482 and other applicable State and federal laws |
3 | | regarding employment contracts and compensation. Annually, the |
4 | | State Board shall convene an advisory committee to review the |
5 | | findings and make recommendations for changes or additions to |
6 | | the laws or the review procedures. |
7 | | If a community college district fails to meet the |
8 | | recognition standards
set by the State Board, and if the |
9 | | district, in accordance with: (a) Government
Auditing |
10 | | Standards issued by the
Comptroller General of the United |
11 | | States, (b) auditing standards established by
the American |
12 | | Institute of Certified Public Accountants, or (c) other |
13 | | applicable
State and federal standards, is found by the |
14 | | district's auditor or the State
Board working in cooperation |
15 | | with the district's auditor to have material
deficiencies in |
16 | | the
design or operation of financial control structures that
|
17 | | could adversely affect the district's financial integrity and |
18 | | stability, or is
found to have misused State or federal funds |
19 | | and jeopardized
its participation in State or federal programs, |
20 | | the State Board may,
notwithstanding any laws to the contrary, |
21 | | implement one or more of the
following emergency powers:
|
22 | | (1) To direct the district to develop and implement a plan |
23 | | that addresses
the budgetary, programmatic, and other relevant |
24 | | factors contributing to the
need to implement emergency |
25 | | measures. The State Board shall assist in the
development and |
26 | | shall have final approval of the plan.
|
|
| | 09900SB2155ham001 | - 3 - | LRB099 12974 MLM 48330 a |
|
|
1 | | (2) To direct the district to contract for educational |
2 | | services in
accordance with Section 3-40. The State Board shall |
3 | | assist in the development
and shall have final approval of any |
4 | | such contractual agreements.
|
5 | | (3) To approve and require revisions of the district's |
6 | | budget.
|
7 | | (4) To appoint a Financial Administrator to exercise |
8 | | oversight and control
over the district's budget. The Financial |
9 | | Administrator shall serve at the
pleasure of the State Board |
10 | | and may be an individual, partnership, corporation,
including |
11 | | an accounting firm, or other entity determined by the State |
12 | | Board to
be qualified to serve, and shall be entitled to |
13 | | compensation. Such
compensation shall be provided through |
14 | | specific appropriations made to the
State Board for that |
15 | | express purpose.
|
16 | | (5) To develop and implement a plan providing for the |
17 | | dissolution or
reorganization of the district if in the |
18 | | judgment judgement of the State Board the
circumstances so |
19 | | require.
|
20 | | (Source: P.A. 89-147, eff. 7-14-95.)".
|