Notwithstanding the provisions of any other law to the contrary, the Authority shall have no power to reject the Financial Plans, Budgets and Contracts of the Board for the failure of the Board to keep reserves in excess of $5,000,000.
105 ILCS 5/34A-401.1
Limitation
Known as the School Finance Authority Act
The act spans §§ 105-5-34a-101 to 105-5-34a-608 (56 sections).
P.A. 83-1130.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.