Upon direction of the Authority, the district shall reorganize the financial accounts, management, and budgetary systems of the district in whatever manner the Authority deems appropriate to achieve greater financial responsibility and to reduce financial inefficiency.
105 ILCS 5/1E-60
Financial, management, and budgetary structure
Known as the Downstate School Finance Authority Law
The act spans §§ 105-5-1e-1 to 105-5-1e-95 (34 sections).
P.A. 92-547, eff. 6-13-02.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.