Public Act 0705 96TH GENERAL ASSEMBLY

SB0235 Enrolled LRB096 04037 NHT 14075 b

Public Act 096-0705

AN ACT concerning education.

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-604 as follows:

(105 ILCS 5/34A-604) (from Ch. 122, par. 34A-604)

Sec. 34A-604. Abolition of Authority. The Authority shall be abolished one year after all its Obligations have been fully paid and discharged or otherwise provided for. Upon the abolition of the Authority, all of its rights and property shall pass to and be vested in the Board State.

(Source: P.A. 81-1221.)

Effective Date: 1/1/2010