Illinois General Assembly - Illinois Compiled Statutes

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105 ILCS 5/1H-10

    (105 ILCS 5/1H-10)
    Sec. 1H-10. Definitions. As used in this Article:

"Budget" means the annual budget of the district required under Section 17-1 of this Code, as in effect from time to time.

"Chairperson" means the Chairperson of the Panel.

"District" means any school district having a population of not more than 500,000 that has had a Financial Oversight Panel established under this Article.

"Financial plan" means the financial plan of the district to be developed pursuant to this Article, as in effect from time to time.

    "Fiscal year" means the fiscal year of the district.
    "Obligations" means notes or other short-term debts or liabilities of the Panel.
    "Panel" means a Financial Oversight Panel created under this Article.
    "State Board" means the State Board of Education.
    "State Superintendent" means the State Superintendent of Education.

(Source: P.A. 97-429, eff. 8-16-11.)