Section 1060.20  Criteria for Approval

The following criteria will form the basis for Board approval of transfers among line item appropriations:

a)         Sufficient funds must be available to cover the amount of the transfer.

b)         Transfer requests must have governing board approval. 

c)         A rationale for the transfer must be provided.  Transfers will be approved if the requirements of the State Finance Act [30 ILCS 105/13.2] are met.

(Source:  Amended at 31 Ill. Reg. 12580, effective August 16, 2007)