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Public Act 094-0176
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| HB0676 Enrolled |
LRB094 06604 NHT 36696 b |
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AN ACT concerning education.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The School Code is amended by changing Section |
17-2A as follows:
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(105 ILCS 5/17-2A) (from Ch. 122, par. 17-2A)
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Sec. 17-2A. Interfund Transfers. The school board of any |
district having a population of less than
500,000 inhabitants |
may, by proper resolution following a public hearing
set by the |
school board or the president of the school board
(that is |
preceded (i) by at least one published notice over the name of
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the clerk
or secretary of the board, occurring at least 7 days |
and not more than 30
days
prior to the hearing, in a newspaper |
of general circulation within the
school
district and (ii) by |
posted notice over the name of the clerk or secretary of
the |
board, at least 48 hours before the hearing, at the principal |
office of the
school board or at the building where the hearing |
is to be held if a principal
office does not exist, with both |
notices setting forth the time, date, place,
and subject matter |
of the
hearing), transfer money from (1) the Educational Fund |
to the Operations
and
Maintenance Fund or the Transportation |
Fund, (2) the Operations and
Maintenance Fund to the |
Educational Fund or the Transportation Fund, or (3) the
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Transportation Fund to the Educational Fund or the Operations |
and Maintenance
Fund of said
district,
provided that, except |
during the period from July 1, 2003 through June 30,
2007
2005, |
such transfer is made solely for the purpose of meeting |
one-time,
non-recurring expenses. Except during the period |
from July 1, 2003 through
June 30, 2007
2005, any other |
permanent interfund transfers authorized
by any provision or |
judicial interpretation of this Code for which the
transferee |
fund is not precisely and specifically set forth in the |