The board may, by resolution, establish a fund to be known as a "working cash fund" which shall be maintained and administered for the purpose of enabling the board to have in its treasury at all times sufficient money to meet demands thereon for ordinary and necessary expenditures for educational purposes.
105 ILCS 5/34-30
Establishment of fund authorized-Purpose
Known as the Chicago Learning Zone Implementation Law
The act spans §§ 105-5-34-1 to 105-5-34-9 (281 sections).
Laws 1961, p. 31.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.