(105 ILCS 5/1B-20) (from Ch. 122, par. 1B-20)
Sec. 1B-20.
Sanctions.
(a) No member, officer,
employee, or agent of the board shall commit the board to
any contract or other obligation or incur any liability on
behalf of the board for any purpose if the amount of such
contract, obligation or liability is in excess of the amount
authorized for that purpose then available under the
financial plan and budget then in effect.
(b) No member, officer, employee or agent of the board
shall commit the board to any contract or other obligation
on behalf of the board for the payment of money for any
purpose required to be approved by the Financial Oversight
Panel unless such contract or other obligation has been
approved by the Panel.
(c) No member, officer, employee or agent of the board
shall take any action in violation of any valid order of the
Panel or shall fail or refuse to take any action required by
any such order or shall prepare, present, or certify any
information (including any projections or estimates) or
report for the Panel or any of its agents that is false or
misleading, or, upon learning that any such information is
false or misleading, shall fail promptly to advise the Panel
or its agents.
(d) In addition to any penalty or liability under any
other law, any member, officer, employee or agent of the
board who violates subsection (a), (b), or (c) of this
Section shall be subject to appropriate administrative
discipline, including, if warranted, suspension from duty
without pay, removal from office, or termination of
employment.
(Source: P.A. 86-954.)
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