Public Act 93-0488

SB1368 Enrolled                      LRB093 07825 NHT 08014 b

    AN ACT regarding schools.

    Be it enacted by the People of  the  State  of  Illinois,
represented in the General Assembly:

    Section  5.   The  School  Code  is  amended  by changing
Section 34A-411 as follows:

    (105 ILCS 5/34A-411) (from Ch. 122, par. 34A-411)
    Sec.   34A-411.    Termination   and   reinstatement   of
Authority's power under this Article.
    (a)  The  powers  and  responsibilities  granted  to   or
imposed  upon  the  Authority  and  the  Board under Sections
34A-401  through  34A-410  of  this  Article  shall  not   be
exercised  after  the Authority has certified to the Governor
and the Mayor that  the  Board  has  completed  6  successive
Fiscal  Years  of balanced Budgets pursuant to the accounting
and   other   principles   prescribed   by   the   Authority.
Notwithstanding the  foregoing  sentence,  Sections  34A-402,
34A-404,  34A-405,  and  34A-408 shall continue in full force
and effect after such certification of the  completion  of  6
successive Fiscal Years of balanced Budgets.
    (b)  Upon    determination    by    the   Authority   and
certification of the Authority to the Governor and the  Mayor
that  the  Board  has  failed  to  adopt a balanced Budget by
August 15th immediately preceding the  commencement  of  each
Fiscal  Year  or  failed to achieve a balanced Budget for two
successive Fiscal Years, subsequent to a time  in  which  the
powers  and  responsibilities  of the Authority and the Board
are not exercised pursuant to paragraph (a) of this  Section,
the  Authority  and  Board shall resume the exercise of their
respective  powers  and  responsibilities  pursuant  to  each
Section of this Article.
    (c)  Notwithstanding the provisions  of  subsections  (a)
and  (b) of this Section or any other provision of law to the
contrary, the  powers  and  responsibilities  granted  to  or
imposed  upon  the  Authority  and  the  Board under Sections
34A-401 through 34A-410 and  Section  34A-606  are  suspended
until December 31, 2010 July 1, 2004.
(Source: P.A. 89-15, eff. 5-30-95; 90-757, eff. 8-14-98.)

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