Illinois HB 4375: $ICC FY10 OCE

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 Full Text of HB4375

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HB4375 EnrolledLRB104 17483 LNS 30909 b

1 AN ACT concerning education.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The School Code is amended by changing Section 

517-2A as follows:

6 (105 ILCS 5/17-2A) (from Ch. 122, par. 17-2A)

7 Sec. 17-2A. Interfund transfers. 

8 (a) The school board of any district having a population 

9of less than 500,000 inhabitants may, by proper resolution 

10following a public hearing set by the school board or the 

11president of the school board (that is preceded (i) by at least 

12one published notice over the name of the clerk or secretary of 

13the board, occurring at least 7 days and not more than 30 days 

14prior to the hearing, in a newspaper of general circulation 

15within the school district and (ii) by posted notice over the 

16name of the clerk or secretary of the board, at least 48 hours 

17before the hearing, at the principal office of the school 

18board or at the building where the hearing is to be held if a 

19principal office does not exist, with both notices setting 

20forth the time, date, place, and subject matter of the 

21hearing), transfer money from (1) the Educational Fund to the 

22Operations and Maintenance Fund or the Transportation Fund, 

23(2) the Operations and Maintenance Fund to the Educational 

HB4375 Enrolled- 2 -LRB104 17483 LNS 30909 b

1Fund or the Transportation Fund, (3) the Transportation Fund 

2to the Educational Fund or the Operations and Maintenance 

3Fund, or (4) the Tort Immunity Fund to the Operations and 

4Maintenance Fund of said district, provided that, except 

5during the period from July