State of Illinois
92nd General Assembly
Legislation

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92_HB3547

 
                                               LRB9202671NTsb

 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 34-74 as follows:

 6        (105 ILCS 5/34-74) (from Ch. 122, par. 34-74)
 7        Sec.  34-74. Custody of school moneys. Except as provided
 8    in Articles 34A and 34B, and Section 34-29.2  of  this  Code,
 9    all  moneys  raised  by  taxation  for  school  purposes,  or
10    received from the state common school fund, or from any other
11    source  for  school  purposes,  shall  be  held  by  the city
12    treasurer, ex-officio, as school treasurer, in separate funds
13    for school purposes, subject to the order of the  board  upon
14    (i)  its  warrants  signed by its president and secretary and
15    countersigned by the mayor and city comptroller or  (ii)  its
16    checks, as defined in Section 3-104 of the Uniform Commercial
17    Code, signed by its president, secretary, and comptroller and
18    countersigned by the mayor and city comptroller.
19    (Source: P.A. 91-151, eff. 1-1-00.)

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