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105 ILCS 5/1H-10

Definitions

Known as the Financial Oversight Panel Law

The act spans §§ 105-5-1h-1 to 105-5-1h-95 (23 sections).

P.A. 97-429, eff. 8-16-11.

As used in this Article: "Budget" means the annual budget of the district required under Section 17-1 of this Code, as in effect from time to time. "Chairperson" means the Chairperson of the Panel. "District" means any school district having a population of not more than 500,000 that has had a Financial Oversight Panel established under this Article. "Financial plan" means the financial plan of the district to be developed pursuant to this Article, as in effect from time to time. "Fiscal year" means the fiscal year of the district. "Obligations" means notes or other short-term debts or liabilities of the Panel. "Panel" means a Financial Oversight Panel created under this Article. "State Board" means the State Board of Education. "State Superintendent" means the State Superintendent of Education.

Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.