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91_SB0549eng SB549 Engrossed LRB9103400NTsb 1 AN ACT to amend the School Code by changing Section 2 34-74. 3 Be it enacted by the People of the State of Illinois, 4 represented in the General Assembly: 5 Section 5. The School Code is amended by changing 6 Section 34-74 as follows: 7 (105 ILCS 5/34-74) (from Ch. 122, par. 34-74) 8 Sec. 34-74. Custody of school moneys. Except as provided 9 in Articles 34A and 34B, and Section 34-29.2 of this Code 10Article, all moneys raised by taxation for school purposes, 11 or received from the state common school fund, or from any 12 other source for school purposes, shall be held by the city 13 treasurer, ex-officio, as school treasurer, in separate funds 14 for school purposes, subject to the order of the board upon 15 (i) its warrants signed by its president and secretary and 16 countersigned by the mayor and city comptroller or (ii) its 17 checks, as defined in Section 3-104 of the Uniform Commercial 18 Code, signed by its president, secretary, and comptroller and 19 countersigned by the mayor and city comptroller. 20 (Source: P.A. 81-1221.)