The State Superintendent may require a separate audit of the Panel, otherwise the activities of the Panel must be included in the scope of the audit of the school district. A copy of the audit report covering the Panel must be submitted to the State Superintendent.
105 ILCS 5/1H-95
Audit of Panel
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.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.