SB3117 Engrossed

LRB096 19252 MJR 34643 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 
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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 
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district having a population of less than
500,000 inhabitants 
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may, by proper resolution following a public hearing
set by the 
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school board or the president of the school board
(that is 
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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 
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and not more than 30
days
prior to the hearing, in a newspaper 
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of general circulation within the
school
district and (ii) by 
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posted notice over the name of the clerk or secretary of
the 
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board, at least 48 hours before the hearing, at the principal 
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office of the
school board or at the building where the hearing 
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is to be held if a principal
office does not exist, with both 
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notices setting forth the time, date, place,
and subject matter 
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of the
hearing), transfer money from (1) the Educational Fund 
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to the Operations
and
Maintenance Fund or the Transportation 
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Fund, (2) the Operations and
Maintenance Fund to the 
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Educational Fund or the Transportation Fund, or (3) the

 


 






SB3117 Engrossed
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LRB096 19252 MJR 34643 b




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Transportation Fund to the Educational Fund or the Operations 
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and Maintenance
Fund of said
district,
provided that, except 
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during the period from July 1, 2003 through June 30,
2013 2010, 
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such transfer is made solely for the purpose of meeting 
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one-time,
non-recurring expenses.  Except during the period 
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from July 1, 2003 through
June 30, 2013 2010, any other 
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permanent interfund transfers authorized
by any provision or 
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judicial interpretation of this Code for which the
transferee 
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fund is not precisely and specifically set forth in the 
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provision of
this Code authorizing such transfer shall be made 
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to the fund of the school
district most in need of the funds 
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being transferred, as determined by
resolution of the school 
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board.

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(Source: P.A. 94-176, eff. 7-12-05; 95-53, eff. 8-10-07.)

 
 
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    Section 99. Effective date. This Act takes effect upon 
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becoming law.