Article

FINANCIAL OVERSIGHT PANELS (Source: P.A. 97-429, eff. 8-16-11.)

105 ILCS 5/1H-1— Short title
105 ILCS 5/1H-5— Findings; purpose; intent
105 ILCS 5/1H-10— Definitions
105 ILCS 5/1H-15— Establishment of Financial Oversight Panels; duties of district
105 ILCS 5/1H-20— Members of Panel; meetings
105 ILCS 5/1H-25— General powers
105 ILCS 5/1H-30— Employees
105 ILCS 5/1H-35— School treasurer
105 ILCS 5/1H-45— Collective bargaining agreements
105 ILCS 5/1H-50— Deposits and investments
105 ILCS 5/1H-55— Cash accounts and bank accounts
105 ILCS 5/1H-60— Financial, management, and budgetary structure
105 ILCS 5/1H-65— School district emergency financial assistance; grants and loans
105 ILCS 5/1H-70— Tax anticipation warrants, tax anticipation notes, revenue anticipation certificates or notes, general State aid or evidence-based funding anticipation certificates, and lines of credit
105 ILCS 5/1H-75— Tax for emergency Financial Oversight Panel financial aid
105 ILCS 5/1H-85— Obligations as legal investments
105 ILCS 5/1H-90— Reports
105 ILCS 5/1H-95— Audit of Panel
105 ILCS 5/1H-100— Assistance by State agencies, units of local government, and school districts
105 ILCS 5/1H-105— Property of Panel exempt from taxation
105 ILCS 5/1H-110— Sanctions
105 ILCS 5/1H-115— Abolition of Panel
105 ILCS 5/1H-120— Indemnification; legal representation; limitations of actions after abolition