To prescribe rules and regulations defining what shall constitute a budget and accounting system required under this Act. The rules and regulations shall prescribe the minimum extent of verification, the type of audit, the extent of the audit report and shall require compliance with statutory requirements and standards and such requirements as the State Board of Education deems necessary for an adequate budget and accounting system.
105 ILCS 5/2-3.28
Rules and regulations of budget and accounting systems
Known as the Ann Marie's Law
The act spans §§ 105-5-2-2 to 105-5-2-3-99 (259 sections).
P.A. 81-1508.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.