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91_HB3623eng HB3623 Engrossed LRB9110923NTks 1 AN ACT in relation to education. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The School Code is amended by changing 5 Section 1B-11 as follows: 6 (105 ILCS 5/1B-11) (from Ch. 122, par. 1B-11) 7 Sec. 1B-11. Balanced Budget. Thelocalboard's budget 8 for each fiscal year shall be balanced in accordance with an 9 accounting system and procedure to be prescribed by the 10 Panel. 11 (Source: P.A. 86-954.)