Illinois General Assembly - Full Text of SB2155
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Full Text of SB2155  99th General Assembly




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1    AN ACT concerning finance.
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4    Section 5. The Public Community College Act is amended by
5changing Section 2-15 as follows:
6    (110 ILCS 805/2-15)  (from Ch. 122, par. 102-15)
7    Sec. 2-15. Recognition. The State Board shall grant
8recognition to community colleges which maintain equipment,
9courses of study, standards of scholarship and other
10requirements set by the State Board. Application for
11recognition shall be made to the State Board. The State Board
12shall set the criteria by which the community colleges shall be
13judged and through the executive officer of the State Board
14shall arrange for an official evaluation of the community
15colleges and shall grant recognition of such community colleges
16as may meet the required standards.
17    Recognition shall include regular peer audits of the
18finances and operations of community colleges. Every community
19college shall be subject to a peer audit every 5 years. The
20peer audit shall review compliance with all applicable State
21laws, including, but not limited to: laws regarding
22transparency; contract formation, renewal, extension, or
23termination; bonus payments; and Open Meetings Act



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2    If a community college district fails to meet the
3recognition standards set by the State Board, and if the
4district, in accordance with: (a) Government Auditing
5Standards issued by the Comptroller General of the United
6States, (b) auditing standards established by the American
7Institute of Certified Public Accountants, or (c) other
8applicable State and federal standards, is found by the
9district's auditor or the State Board working in cooperation
10with the district's auditor to have material deficiencies in
11the design or operation of financial control structures that
12could adversely affect the district's financial integrity and
13stability, or is found to have misused State or federal funds
14and jeopardized its participation in State or federal programs,
15the State Board may, notwithstanding any laws to the contrary,
16implement one or more of the following emergency powers:
17    (1) To direct the district to develop and implement a plan
18that addresses the budgetary, programmatic, and other relevant
19factors contributing to the need to implement emergency
20measures. The State Board shall assist in the development and
21shall have final approval of the plan.
22    (2) To direct the district to contract for educational
23services in accordance with Section 3-40. The State Board shall
24assist in the development and shall have final approval of any
25such contractual agreements.
26    (3) To approve and require revisions of the district's



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2    (4) To appoint a Financial Administrator to exercise
3oversight and control over the district's budget. The Financial
4Administrator shall serve at the pleasure of the State Board
5and may be an individual, partnership, corporation, including
6an accounting firm, or other entity determined by the State
7Board to be qualified to serve, and shall be entitled to
8compensation. Such compensation shall be provided through
9specific appropriations made to the State Board for that
10express purpose.
11    (5) To develop and implement a plan providing for the
12dissolution or reorganization of the district if in the
13judgement of the State Board the circumstances so require.
14(Source: P.A. 89-147, eff. 7-14-95.)